The Revenue Administration of Turkey has announced the release of Presidential Decision No. 9286 on 22 December 2024, updating the withholding tax rate on dividend distributions.
The withholding tax rate on dividends distributed under Article 94 of the Income Tax Law and Articles 15 and 30 of the Corporate Tax Law has been increased from 10% to 15%.
This provision applies when the beneficial owner of the dividends is a resident or non-resident individual, a tax-exempt corporate entity, or a non-resident company unless the dividends are derived through a permanent establishment or representative in Turkey.
