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Turkey Amends Investment Incentive Rules when Investing in Multiple Regions — Orbitax Tax News & Alerts

On 22 February 2018, Turkey published Decree No. 2018/11297 in the Official Gazette. The Decree amends the regional incentives rules to provide that companies making investments in multiple regions may apply the incentives available for investments in the most-developed region instead of applying for incentives for each region separately. If a company wishes to apply incentives for each investment separately, a separate incentive certificate must be issued.

The Decree entered into force the date it was published.