Turkey is preparing a new legislative package aimed at boosting investment and strengthening its economic competitiveness, including significant tax cuts for exporters. The proposed reforms are designed to make the country more attractive to both domestic and international investors.

Under the plan, corporate tax for manufacturing exporters will be reduced to as low as 9 percent, while other exporting firms will benefit from lower tax rates as well. The government is also introducing measures to simplify administrative processes and improve the overall investment climate.

Officials say the reforms are part of a broader strategy to drive sustainable economic growth, increase exports and strengthen Turkey’s position as a regional business hub. Incentives will also be extended to companies managing international operations from within the country.

The move comes as global competition for investment intensifies, with countries offering incentives to attract capital and boost industrial activity. Turkey is positioning itself to benefit from shifting supply chains and regional trade dynamics.

Analysts say the proposed law could enhance investor confidence if implemented effectively. However, long-term success will depend on economic stability and consistent policy execution.

Source: Reuters