The income and capital tax treaty between Hungary and Turkmenistan entered into force on 19 November 2016. The treaty, signed 1 June 2016, is the first of its kind between the two countries. Taxes Covered The treaty covers Hungarian personal income tax, corporate tax, land parcel tax, and building tax. It covers Turkmen tax on profits of legal entities, tax on income of individuals, and tax on property. 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 - 10% Royalties - 10% Capital...