YOİKK Tax, Funding and Incentives Working Group Meeting
A group meeting was held on August 27, 2019 under the presidency of Çetin Ali Dönmez, the Republic of Turkey Deputy Minister of Industry and Technology, and the participation of related Ministries, organizations and NGOs. The meeting featured consultations on the topics of reassessing government subsidies and incentives in a holistic manner, developing a central administrative information system where processes regarding said subsidies can be monitored and establishing a risk capital fund that will provide funds to Turkish firms that manufacture high tech products.
YASED's proposals of carrying out an impact analysis study for current incentives and eliminating ineffective practices, developing incentives that will impact pre-tax reporting, developing a set of criteria to determine investments that have high added value and competitiveness with regard to project subsidies, improving incentives for expansion investments and establishing regulations that will ensure greater benefit from the reduced corporate tax were presented.
With contributions of Vodafone