Gov’t poised to launch interest-free instruments to attract Gulf capital
The Turkish government is set to take another step to stave off the adverse effects of the ongoing global financial crisis on the economy after having introduced incentives to encourage Turkish expats living abroad to bring their money...
Tax exemptions to total TL 47.3 billion
The amount of tax that Turkish authorities will not collect over the next three years is expected to reach TL 47.3 billion -- the TL replaces the YTL on Jan. 1 -- as a result of various exemptions and reductions that have been set out in a recent law.
2009 will be year of reforms once polls are over
The government is preparing for a wave of reforms to meet European Union demands, but radical steps such as amending the Constitution will have to wait until the local elections in March are over, according to government sources.
