New Zealand - Dividends
Turkey and New Zealand signed a tax treaty on 22 April 2010, but the treaty is not yet in force. When in effect, the treaty provides for a 5% withholding tax on dividends paid to a company that holds directly at least 25% of the capital of the payer company (provided the dividends are exempt from tax in the other state); otherwise, the rate will be 15%. The rate interest paid to a bank will be 10%; otherwise, the rate will be 15%. The rate on royalties will be 5%