| Reading Time: < 1
|

Tax Incentives to be Granted Within The Scope of Istanbul Financial Center Law

MGC LEGAL
Tax Incentives to be Granted Within The Scope of Istanbul Financial Center Law

Law No. 7412 on the establishment of the Istanbul Finance Center in Istanbul, Umraniye, was published in the Official Gazette and entered into force. With the law, the following tax incentives are provided to the institutions that will operate in the Istanbul Financial Center.

  • 100% of the revenues arising from financial service exports between 2022-2031 and 75% in the following periods are exempt from corporate tax.
  • Money received in exchange for financial services exports is exempt from Banking and Insurance Transactions Tax.
  • Stamp duty exemption.
  • Up to 80% of the earnings of the personnel with overseas experience are exempt from income tax.
×