Turkish Finance Minister Mehmet Şimşek announced that the corporate tax rate for exporters of industrial products will be reduced to 9%. The move is aimed at strengthening the competitiveness of Turkish exports and attracting more foreign direct investment.
Şimşek also said that the tax exemption rate will reach up to 95% for companies operating outside their main headquarters, compared to 50% in previous years.
According to economic experts, this step is part of a broader economic policy designed to make the Turkish market more attractive and to improve the competitiveness of local companies in international markets, especially as regional and global competition for investment and capital continues to grow.
Ghazwan Al-Masri, a businessman, Vice President of the International Business Forum, and a member of MÜSİAD, said that expanding tax exemptions to cover a wider range of companies whose legal and commercial headquarters are located outside Turkey reflects a clear Turkish strategy to support an economy based on exports and cross-border services.
He explained that this gives Turkish companies more flexibility in managing their international operations and reduces the tax burden that had previously affected their ability to compete.
Al-Masri added that the Turkish economy has strong fundamentals, including a well-developed industrial base, strong export capacity, a strategic geographic location, and the extensive experience Turkish companies have built up in foreign markets.
He noted that these tax incentives could provide an additional boost to export sectors, technology services, consulting, software, financial services, and other industries linked to international trade.
