Turkey Said to Weigh Lowering Corporate Tax Rate for Exporters

March 31, 2026, 1:14 PM UTC

The Turkish government is considering lowering corporate taxes for exporting companies from the current rate of 20%, according to people familiar with the matter.

The people, speaking on condition of anonymity to discuss internal deliberations, said the new rate has yet to be decided.

Economic pressures stemming from the Iran war, now in its second month, are suppressing Turkish exports by raising raw-material costs and complicating logistics, said Mustafa Gultepe, chairman of the Turkish Exporters’ Assembly.

Exports reached $273.4 billion in 2025, accounting for some 17% of the country’s gross domestic product, according to the Turkish Statistical Institute.

Turkey’s central ...

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