Financial Service Export
%100
The income accrued from financial service export activities shall be deducted from the corporate income tax base.
*** Applicable until 2031, thereafter deduction rate will be %75.
Financial Liabilities
%100
Transactions and money received in favor of financial services export related transactions executed by financial institutions shall be exempt from BSMV (Banking and Insurance Transactions tax).
Stamp Tax Exemption In Financial Service Export
All transactions relating to the leasing of the real estate in the IFC will be exempt from all charges. The papers issued in connection with the said transactions will also be exempt from stamp duty.
Income Tax for the Personnel
%60
The real net value of the monthly wage shall be exempted from income tax for the personnel with at least five years of professional experience abroad.
%80
The real net value of the monthly wage shall be exempted from income tax for the personnel with at least five years of professional experience abroad.
On condition that relevant personnel have not worked in Türkiye in the last three years before starting to work at an IFC based company.
Stamp Tax and Fee Exemption for Immovable Leases
All transactions related to the financial services exports will be exempt from all charges and all papers issued for these transactions will be exempt from stamp duty.
The deductions and exemptions mentioned above will also apply to the regional treasury and financial management centers of the participants who are actively operating in at least three countries.
Financial Activity Fees Exemption
Financial institutions that have obtained a participant certificate to operate at the IFC will be exempt from the annual financial activity fee to be collected from their head offices and branches for a period of five years from the effective date of the Law (2023-2027).
Deduction From Corporate Tax (Transnational trade)
%50
50% of the earnings derived from the sale of goods or the brokerage services shall be deducted from company’s earnings, provided that the goods are bought from and sold at abroad; on condition that mentioned earnings are transferred to Türkiye until the due date of relevant corporate tax return.
*** Applicable until 2031, thereafter deduction rate will be %75.