Turkey’s planned corporate tax cuts for exporters would cost the budget an estimated 34b liras ($750m), according to a Treasury and Finance Ministry impact analysis seen by Bloomberg.
- The draft legislation would lower the 25% corporate tax rate to 9% for manufacturers on income derived from exports of goods they produce, and to 14% for other exporters
- Lawmakers are due to begin debating the broader bill on Wednesday. The proposal includes incentives aimed at boosting international investment and an asset amnesty legislation
- NOTE:
Turkey to Cut Exporter Taxes, Sweeten Istanbul Finance Hub Perks
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