A Presidential Decree that entered into force on 22 December 2024 increases the withholding tax on dividends distributed by Turkish-resident taxpayer corporations.This change reverses a decrease in the withholding rate enacted three years prior. The withholding tax (WHT) rate on dividends distributed by Turkish-resident taxpayer corporations, within the scope of Article 94 of the Income Tax Code and Articles 15 and 30 of the Corporation Tax Code, has been increased from 10% to 15% upon the publication of Presidential Decree No. 9286 (the Decree) in the Official Gazette dated 22 December 2024. The WHT applies whether the dividends are distributed to...