TAXATION AGREEMENT WITH TURKEYTaxation Agreement With Turkey • October 20th, 2021
This Agreement is the first bilateral income tax convention between the United States and Turkey, the only OECD partner country with which the United States does not have a tax treaty. It is, thus, an important extension of the U.S. network of tax treaties. Since the maximum rates of taxation it specifies are lower than those currently applied to some types of income earned by foreign investors in Turkey, the Agreement will remove a disincentive to U.S. investment in that nation.
