The income tax treaty between Turkey and Venezuela was signed on 3 December 2018. The treaty is the first of its kind between the two countries. Taxes Covered The treaty covers Turkish income tax and corporate tax and covers Venezuelan taxes on income. Withholding Tax Rates Dividends - 5% if the beneficial owner is a company directly holding at least 25% of the paying company's capital; otherwise, 10% Interest - 10% Royalties - 10% Capital Gains The following capital gains derived by a resident of one Contracting State may be taxed by the other State: Gains from the alienation of...