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News Wire / economy

Turkey Targets Capital Inflow Via New Incentives

TRT Radyo 1 Istanbul 17d13d Impact 5

The Turkish government is implementing new tax incentives to attract the regional headquarters of global corporations to the country. Specifically, 95% of profits from transit trade activities conducted outside the Istanbul Financial Center will be tax-exempt. This policy aims to strengthen Turkey's position as a major international financial and commercial hub. Companies investing in Turkey will also receive tax exemptions. The tax advantages currently offered to institutions operating in the Istanbul Financial Center will be expanded. Certain commercial activities conducted within the Istanbul Financial Center are also included in the plan. Under the new plan, companies moving regional management centers to Turkey will face no tax on earnings from overseas operations for the next 20 years.

The Turkish government is implementing new tax incentives to attract the regional headquarters of global corporations to the country. Specifically, 95% of profits from transit trade activities conducted outside the Istanbul Financial Center will be tax-exempt. This policy aims to strengthen Turkey's position as a major international financial and commercial hub. Companies investing in Turkey will also receive tax exemptions. The tax advantages currently offered to institutions operating in the Istanbul Financial Center will be expanded. Certain commercial activities conducted within the Istanbul Financial Center are also included in the plan. Under the new plan, companies moving regional management centers to Turkey will face no tax on earnings from overseas operations for the next 20 years. Additionally, no corporate tax will be applied to earnings from transit trade or brokerage activities involving goods purchased and sold abroad. The strategy seeks to position Turkey as a safe haven as companies and capital move from the Gulf region to Europe. Vice President Cevdet Yılmaz and economic officials met with international media to discuss these developments. The package is designed to prevent capital from leaving the region.

Topics

tax policy foreign investment

Developing

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Sources · 7 independent

TRT Radyo 1

“Bir diğer önceliğimiz kuresel şirketlerin bölgesel yönetim merkezlerini Türkiye'ye yiyeceğiz. ... İstanbul Finans Merkezi dışında da transit ticaret faaliyetlerinde bulunanların bu kazançlarının yüzde doksan beşini vergi dışı bırakıyoruz.”

NTV Radyo

“Cumhurbaşkanı Recep Tayyip Erdoğan’ın hafta sonu duyurduğu düzenlemelere göre ihracatçılar için kurumlar vergisi düşürülecek. Öte yandan Türkiye’ye yatırım yapan şirketlere vergi muafiyetleri sağlaracak. Yapacağımız düzenlemelerle İstanbul Finans Merkezinde faaliyet gösteren kurumlara sağlanan vergi avantajını genişletiyoruz.”

CNN Turk Radyo

“iddia edildi. Uludag bölgesinde bulunan itfaya ekibi yangana müdahale etmek için geliyor.”

CNN Turk Radyo

“Türkiye kuresel ticarette daha güçlü... Bir konum elde etmek amacıyla kapsamlı bir teşvik paketi açıkladı. Yeni düzenleme ile bölgesel merkezini Türkiye'ye taşıyan büyük şirketlere uzun süreli vergi muafiyetleri sağlanırken İstanbul Finans Merkezinde yapılan bazı ticari faaliyetler.”

CNN Turk Radyo

“Türkiye İstanbul Finans Merkezinde faaliyet gösteren firmalar ayonelik bir dizi vergi indirme açıklandı.”

CNN Turk Radyo

“If global companies move their regional management centers to Turkey, no tax will be taken from the earnings they obtain from their overseas operations for the next twenty years.”

CNN Turk Radyo

“If global companies move their regional management centers to Turkey, they will not be taxed on earnings from their foreign operations for the next twenty years.”

CNN Turk Radyo

“Türkiye'nin hayata geçirici... yeni teşvik paketiyle körfezde bulunan sermayenin Türkiye'ye gelmesi de hedefleniyor. Çokulsu şirketlerin ve sermayenin bölgeyi terk edip Avrupa'ya dönmesi bölge ülkelerince istenmiyor.”

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