Details of the first-time income tax treaty between South Africa and Turkey , signed on 3 March 2005, have become available. The treaty was concluded in the English and Turkish languages, each text having equal authenticity. The treaty generally follows the OECD Model Convention. The maximum rates of withholding tax are: -   15% on dividends in general and 10% where the beneficial owner is a company (excluding a partnership) holding directly at least 25% of the capital of the paying company; -   10% on interest, subject to the exceptions in respect of interest derived by the governments of...