Implements new investment incentive scheme
01 Jan 2012
Turkey has implemented a new investment incentive regime in April 2012 with retroactive effect as of 1 January 2012. The main incentives are value added tax (VAT) rebates, VAT exemptions of investment expenditures up to 60 percent, custom duty exemptions, and social security premium support up to 12 years. Additionally, depending on the region where the investment is made, the Government also provides free land, tax deductions up to 8 percent from the current effective rate of 20 percent, and loan rate support of 3 to 7 percent.
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Type:
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Promotion and facilitation (Investment incentives)
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Industry:
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