US EditionErdoğan: Türkiye Maintains Cautious Optimism Despite Israeli War Efforts
6 Articles
6 Articles
Turkish President Recep Tayyip Erdogan said he is monitoring developments in the Middle East with "cautious optimism," criticizing the ongoing efforts by the Israeli occupation to reignite the flames of war in the region, and stressing that the regional and international landscape has entered a completely different phase than before.
While the tax burden on salaried employees exceeds 40%, President Erdoğan announced new incentives for the financial sector. The tax on transit trade earnings was abolished, and the tax exemption rate for businesses outside the Istanbul Financial Center (IFC) was increased to 95%.
President Erdoğan announced at a program he attended that individuals who transfer their assets from abroad to Türkiye will not be taxed for 20 years.
President Erdoğan made important announcements at the "Turkey's Century: A Strong Center for Investment" program. Announcing the expansion of tax advantages, President Erdoğan stated, "With the regulations we will implement, we are continuing the tax advantages provided to institutions operating in the Istanbul Financial Center. We are increasing the 50% discount to 100% for activities involving transit trade or buying and selling abroad. In oth…
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