Details of the income tax treaty and protocol between Turkey and Germany, signed on 19 September 2011, have become available. The treaty was concluded in the Turkish, German and English 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 (Art. 10(2)(b) of the treaty) and 5% 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 (Art. 10(2)(a) of the treaty); -   10% on...