Details of the income tax treaty and protocol between Norway and Turkey, signed on 15 January 2010, have become available. The treaty was concluded in the Norwegian, Turkish and English languages, each text having equal authenticity. In the case of divergence, however, the English text prevails. The treaty generally follows the OECD Model Convention. Once effective, the treaty will replace the Norway-Turkey income and capital treaty of 16 December 1971. The maximum rates of withholding tax are: -   15% generally on dividends (Art. 10(2)(c) of the Treaty); 5% on dividends provided that such dividends are tax exempt in the...