Double Tax Treaty Turkey – Belgium

The double taxation convention between Turkey and Belgium was signed in July 2013 and entered into force a year later. The treaty covers the taxes related to companies and natural persons who are registered with activities and incomes in one of the contracting states. If you are interested in obtaining more details about the double taxation agreement between Turkey and Belgium, you may ask our Turkish lawyers. They can also provide you with legal services for your company, no matter the business field you activate in.

 

 

A double tax agreement between Turkey and Belgium was necessary to avoid the double taxation of incomes, dividends, royalties, interests or gains related to the immovable properties. Moreover, it is good to know that the companies will be levied on profits only in the country of residency, being exempt from taxation in Turkey. Companies or natural persons must make proof of the paid taxes in the home country, in our case, in Belgium or Turkey. Having a double tax convention also means avoiding all kinds of tax frauds. Besides that, such convention will help investors to enter the Turkish market and benefit from the attractive business background. We remind that our lawyers in Turkey are able to offer legal assistance in taxation matters for your company in the country.

 

The dividends paid by a Belgium company in Turkey are taxed at a 5% rate. Regarding the royalties, the rate is settled at 10%. The important double tax agreement between Turkey and Belgium prevents the fiscal evasion and also protects the double taxation of the revenues paid in one of the contracting states. The fruitful collaboration between Turkey and Belgium extends in numerous areas of interest, which is why this significant convention was mandatory.

 

We kindly invite you to get in touch with our law firm in Turkey for additional details about the double taxation agreement between Turkey and Belgium or about the legal services you might request for your company.