Global

Details

  • Service: Tax, International Corporate Tax, Global Indirect Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 2/22/2013

Turkey - Tax incentives for investments in automotive, energy-generation sectors  

February 22:   Turkey’s Council of Ministers announced an expansion of an investment incentive regime, to provide tax incentives for qualifying investments in the automotive and energy-generation sectors.

The tax incentives include value added tax (VAT) and customs duty exemptions, reduced rates of corporate income tax, reduced employer social security contributions, and other measures.


Read a February 2013 report [PDF 173 KB] prepared by the KPMG member firm in Turkey: Turkish investment incentive regime expanded to cover investments in the automotive and energy generation sectors




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