Details of the income and capital tax treaty and protocol between Turkey and Saudi Arabia, signed on 9 November 2007, have become available. The treaty was concluded in the Arabic, 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. The maximum rates of withholding tax are: -   10% on dividends in general and 5% if (i) the beneficial owner is a company (other than a partnership) which holds directly at least 20% of the capital of the company paying the dividends...