Turkey unveils new economic reform package

  • 📰 trtworld
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

'We aim for a domestic and national economy which breaks export records with fewer imported input and more value-added production.' Turkey's President Erdogan says as he unveils new economic reform package

Turkey's first target is setting stronger public finance structure to guard against risks, with fiscal discipline the top priority, the president underlined.

"In addition to the central government, we aim to create a thrifty perspective in local administrations as well."Noting that the government knows of the difficulties small business owners have been struggling with during the pandemic, Erdogan said the reform package also includes a tax exemption for low-income tradesmen.

"We have also included the tax problems faced by international investors within the reforms," he noted, adding that the country is revising double taxation avoidance agreements to prevent possible problems that may arise.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 101. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines