On 20 October 2016, the Finnish government approved the pending income tax treaty with Turkmenistan. The treaty, signed 12 December 2015, is the first of its kind between the two countries. Taxes Covered The treaty covers Finnish state income tax, communal tax, church tax, tax withheld from interest, and tax withheld at source from non residents' income. It covers Turkmen tax on profits (income) of juridical persons and tax on income of individuals. Withholding Tax Rates Dividends - 5% if the beneficial owner is a company directly holding at least 25% of the paying company's capital; otherwise 15% Interest -...