Adedokun Waliyu 
Turkish President Tayyip Erdogan said on Friday his government will soon submit a comprehensive legislative package to parliament aimed at boosting investment, competitiveness and growth, including a cut in the manufacturing exporters’ tax to 9%.
Here are some details from Erdogan’s remarks:
Erdogan said Turkey is taking legal, administrative, financial and institutional steps to strengthen the investment environment and ensure sustainable high growth
The planned reforms aim to increase country’s competitiveness and overall economic appeal
A comprehensive regulation will soon be submitted to parliament to boost Turkey’s attractiveness to investors
He said tax advantages provided to institutions operating in Istanbul Financial Center (IFC) will be expanded under the new regulations
Companies that manage their overseas operations from Turkey will be granted strong tax incentives
A new structure will be established to simplify investment processes
Corporate tax for manufacturing exporters will be cut to 9%, for other exporting companies will be reduced to 14%
The government is also implementing regulations to bring assets held abroad into Turkey’s economy
Entrepreneurs who have established companies abroad or hold stakes in foreign companies will be encouraged to transfer their earnings to Turkey.
