Turkey’s Minister of Finance, Mehmet Şimşek, announced a comprehensive package of financial and tax incentives aimed at improving the nation’s economic competitiveness and investment climate. In a press conference held in Ankara, Şimşek highlighted the strategic objective of establishing Istanbul as a premier financial gateway in the region.
Among the key measures introduced, the government plans to expand tax exemptions on service exports to a full 100%. This initiative will specifically target high-value sectors, including:
These tax exemptions are intended to stimulate growth in industries that promise substantial economic returns, thereby enhancing Turkey’s overall economic landscape.
In addition to service sector incentives, Şimşek announced a reduction in the corporate tax rate for exporting companies in the manufacturing sector to 9%. This strategic move aims to:
These incentives are part of Turkey’s broader economic vision, which seeks to solidify Istanbul’s position as a regional financial hub, support high-value-added productive sectors, and elevate Turkey’s attractiveness to international investors. With these strategic initiatives, Turkey reaffirms its commitment to fostering a dynamic economic environment conducive to investment and innovation.
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