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Firms to Get Tax Exemption for FX-Linked Tax Deposits

TURKEY

LOCAL NEWS

  • Turkish companies won’t pay income tax for gains from FX-linked lira time deposits, state-run Anadolu Agency cites Treasury and Finance Ministry.
    • Profit from exchange rate difference and interest income won’t be subject to tax for FX-linked lira deposits. This comes as govt continues to try to promote its FX-linked deposit scheme amid weak demand
  • MHP leader Bahceli says CHP leader is a supplier of the PKK in the second round of comments aligning the opposition with terrorist groups in recent days – calling on him to admit his terror links.
    • Bahceli also reiterated calls for the banning of the HDP. Terrorist allegations are a broad mechanism used by the AKP to crack down on opposition, and as support for the CHP grows ahead of elections may be used more extensively
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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