Turkey:
"Casablanca Finance City", The First African Hub (2/3): Tax Advantages
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Companies detaining CFC status beneficiate of the tax incentives
below:
Corporate tax:
- Exemption of corporate tax during the first 5 years of
activity,
- Then, application of a reduced corporate tax rate to the profit
arising from both their local and export turnover,
- Dividends and other similar incomes paid by these companies are
exempted from withholding tax whether their beneficiaries are
residents or non-residents.
Payroll tax:
Employers working for these companies status can beneficiate of
a reduced payroll tax rate for a period that can go up to 10
years.
Registration duties:
They are are exempted of registration fees on their acts of
incorporation and capital increase.
Solidarity's social tax on profits
They don't fall under the scope solidarity's social
tax on profits.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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