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HMRC internal manual

Double Taxation Relief Manual

From
HM Revenue & Customs
Updated
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Turkey: Dividends

The Turkish tax deducted from dividends paid by a Turkish company at 20 per cent (15 per cent if the recipient is a United Kingdom company controlling, directly or indirectly, at least 25 per cent of the voting power of the company paying the dividend) qualifies for credit as a direct tax (see INTM164010 (c)).

Where a dividend is paid to a United Kingdom company controlling, directly or indirectly, at least 10 per cent of the voting power of the Turkish company paying the dividend, credit is also due for the underlying tax (see INTM164010 (d)).