Incentive Schemes

Turkey offers a number of incentive schemes to enable companies to develop gold resources in the country:
  • Gold and silver producers are able to reclaim VAT from expenditure incurred through exploration and development
  • Range of investment incentive schemes were introduced in 2012
    • Reductions in corporate tax from 20%
    • VAT exemption
    • Exemption from custom duties
    • Interest payment support
    • Elimination of employer social security premium contributions
  • No limitation on the repatriation of profits following taxation in Turkey

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