 Free
Zone Advantages
|
100%
Corporate Tax Exemption |
Firms are exempt from Corporate taxes which they
would normally pay at the end of their fiscal year.
|
100%
Income Tax Exemption |
Earnings that individuals and corporate
entities gain through their activities at the free
zone are not subject to income taxes.
Exemption From Withholding Taxes Since no income
taxes are paid for the employees, firms do not file
withholding taxes and lower wages can be achieved
up to 25 - 40 %.
|
Exemption From VAT |
Since the sale of goods and services from Turkey
to the free trade zone is considered as exports,
such goods and services are exempt from Value Added
Taxes.
|
Free
Transfer Of Earnings |
Earnings and revenues generated in the free trade
zone can be transferred to any country, including
Turkey, freely without any prior permission and
such transfers are not subject to any kind of taxes
or fees.
|
Custom
Duties Exemption |
Since the free trade zones are considered outside
the customs border, goods entering the free trade
zone are exempt from duties.
|
Exemption From RUSF |
6% Resource Utilization Support Fund, which
is applicable to imports with acceptance credit
is not paid at free trade zones.
|
Prohibition
Of Strikes and Lockouts |
Strikes and Lockouts are prohibited for a period
of ten years from the beginning date of operations
of each zone.
|
Mnimum
Bureaucracy |
Bureaucracy is at the minimum level during application
and operation phase at free trade zones.
|
Other
Exemptions |
Transactions
are exempt from all kinds of fees, taxes and funds
including banks' transaction taxes. |
