Withholding Tax Rate on Dividends Increased from 10% to 15%
The withholding tax rate on dividends has been increased from 10% to 15% following the issuance of Presidential Decree numbered 9286 (“Decree”), published in the Official Gazette numbered 32760 on 22 December 2024 and effective from the same date. For dividend distributions made after 22 December 2024, the withholding tax rate will be 15%. Under […]