Turkey: Tax incentives proposed for investments | KPMG | GLOBAL

Turkey: Tax incentives proposed for investments, regional headquarters

Turkey: Tax incentives proposed for investments

A draft law submitted to the Turkish Parliament is intended to enhance the investment environment in Turkey. The draft law proposes to introduce additional exemptions and incentives for taxpayers as well as regulating the use of certain financial instruments.


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Among the proposed tax changes are measures for:

  • A one-time opportunity for tax amnesty for Turkish taxpayers (real or legal persons) having unrecorded assets located outside of Turkey
  • An enhanced “regret filing” clause allowing voluntary disclosure before a tax audit takes places, with reduced late payment interest and reduced penalty 
  • Tax incentives including a proposed corporate income tax exemption and payroll tax exemption for employees of regional headquarters (management centers) that are relocated to Turkey 


Read a June 2016 report [PDF 279 KB prepared by the KPMG member firm in Turkey

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