The maximum rates of withholding tax are: -   20% on dividends in general and 5% (in the case of Luxembourg) and 10% (in the case of Turkey) on dividends if the beneficial owner is a company (other than a partnership) which holds directly at least 25% of the capital of the company paying the dividends; -   15% on interest in general and 10% on interest paid on a loan with a term of more than 2 years; and -   10% on royalties. The treaty permits Turkey to levy a branch profits tax of up to 10%. Luxembourg...