Gabon and Turkey signed an income tax treaty on 3 March 2024.
The treaty applies to various Gabonese taxes, including individual income tax, corporate tax, minimum flat-rate tax, supplementary salary tax, special rental property tax, and tax on income from movable capital. It also covers Turkey’s income tax and corporate tax.
The withholding tax rates are set at 10% for dividends, 10% for interest (with exemptions for interest paid to the government or central bank, or related to credit sales of equipment or goods between businesses), and 10% for royalties.
The agreement will come into effect from 1 January of the year after the ratification instruments are exchanged.
