Turkish Minister proposes tax exemptions for border cities

Turkish State Minister Kursad Tuzmen proposed Monday that all Turkish provinces bordering neighbors in eastern, south-eastern and north-western Anatolia be exempt from income and institutional taxes for a period of a decade.

Turkish Minister proposes tax exemptions for border cities
Receiving a delegation from the Ankara Chamber of Industry (ASO), Tuzmen told that, if a tax exemption is granted to provinces bordering neighbors, migration from these provinces to other parts of Turkey will come to an end.

"We will be able to close the economic gap between the provinces neighboring countries and other Turkish provinces if we do provide tax exemptions," Tuzmen said.

Tuzmen stressed that free trade zones in Turkey must also be exempt from all income and institutional taxes.

AA
Last Mod: 10 Mart 2008, 15:41
Add Comment