On 22 December 2021, Turkey’s Presidential Decision No. 4936 (the Decision) was published in the Official Gazette. The Decision reduces the general withholding tax (WHT) rate on dividend distributions from 15% to 10%. The Decision entered into force and is effective on the date of its publication.Accordingly, 10% WHT will apply on the dividends to be distributed by Turkish resident entities (fully liable corporate taxpayers) to:Turkish resident individualsTurkish residents who do not have any tax liability or are exempt from income and corporation taxesNonresident (limited liable) entities, excluding those who receive dividends through a permanent establishment and representative in TurkeyNonresident...