Concise tax guide for Turkey 2009

(t) The 10% rate applies to interest on loans granted by banks. The 15% rateapplies to other interest payments.(u) The 10% applies to royalties paid for the use of, or the right to use, copyrightsof literary, artistic or scientific works, including cinematographic films andrecordings for radio and television. The 15% rate applies to royalties paidfor patents, trademarks, designs or models, plans, secret formulas orprocesses, or for information concerning industrial, commercial or scientificexperience.(v) The 10% rate applies to interest on loans granted by banks, financialinstitutions and insurance companies. The 15% rate applies to other interestpayments.(w) The 12% rate applies if the recipient owns more than 25% of the payer ofthe dividends. The 15% rate applies to other dividends.(x) The 5% rate applies if the recipient of the dividends is the government, apublic institution wholly owned by the government or a political subdivisionor local authority of the other contracting state. The 10% rate applies if therecipient owns more than 25% of the payer of the dividends. The 12% rateapplies to other dividends.(y) The 10% rate applies to interest derived from loans granted by financialinstitutions, such as banks, savings institutions or insurance companies. The15% rate applies to other interest payments.(z) The 5% rate applies if the recipient owns more than 25% of the payer ofthe dividends for an uninterrupted period of at least 2 years. 15% rate appliesto other dividends.(aa) See Section A.44