Austria – Interest
The 2008 treaty between Turkey and Austria that replaces the 1970 treaty entered into force on 1 October 2009 and applies generally as from 1 January 2010.
The 5% rate applies where interest is paid in respect of a loan made, guaranteed or insured for purposes of promoting export by a Turkish entity similar to the Oesterreichische Kontrollbank AG; the 10% rate applies to interest derived from a bank; otherwise, the rate is 15% (however, the domestic rate of 10% applies because it is lower