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Blog
Corporate Income Tax reduced from 33 percent to 20 percent Tax benefits and incentives in Technology Development Zones, Industrial Zones and Free Zones, including total or partial exemption from Corporate Income Tax, a grant on employer’s social security share, as well as land allocation R&D and Innovation Support Law Incentives for strategic investments, large-scale investments and regional investments
A population of 77.7 million (2014, TurkStat) Largest youth population compared with the EU (Eurostat) Half the population under the age of 30.7 (2014, TurkStat) Young, dynamic, well-educated and multi-cultural population
Booming economy; more than tripling its GDP, reaching USD 800 billion in 2014, up from USD 231 billion in 2002 (TurkStat) Stable economic growth with an average annual real GDP growth rate of 4.7 percent between 2002 and 2014 (TurkStat) Promising economy with a bright future as it is expected to become one of the fastest growing economies among the OECD members during 2014-2016 with an average annual real GDP growth rate of 3.6 percent (OECD, February 2015) 16th largest economy in the world and 6th largest economy compared with the EU in 2013 (GDP at PPP, IMF WEO) Institutionalized economy fueled by USD 144 billion of FDI in the last decade (CBRT) A dynamic and mature private sector with USD 158 billion worth of exports and an increase of 250 percent between 2004 and 2014 (TurkStat)

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