Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2026

Daily Sabah - Latest & Breaking News from Turkey | Istanbul

  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

New tax break to boost Türkiye's high-value services exports: Şimşek

by Daily Sabah

ISTANBUL May 01, 2026 - 2:10 pm GMT+3
Treasury and Finance Minister Mehmet Şimşek speaks at a panel on the sidelines of the IMF-World Bank Spring Meetings, Washington, U.S., April 17, 2026. (AA Photo)
Treasury and Finance Minister Mehmet Şimşek speaks at a panel on the sidelines of the IMF-World Bank Spring Meetings, Washington, U.S., April 17, 2026. (AA Photo)
by Daily Sabah May 01, 2026 2:10 pm

New tax incentives as part of a comprehensive legislative package will strengthen Türkiye's position in high-value-added global service sectors, Treasury and Finance Minister Mehmet Şimşek said on Friday.

Şimşek said the government would continue supporting foreign currency-earning activities in line with its goal of making Türkiye a major hub for services exports.

"We will further strengthen our global position in high-value-added services exports by increasing the tax deduction to 100%, provided that the full earnings from many service activities are brought back to Türkiye," he said in a post on social media platform NSosyal.

Ankara has increasingly prioritized services exports, viewing the sector as one of the key sources of foreign currency inflows and a buffer against Türkiye's chronic goods trade deficit.

Şimşek highlighted the strength of Türkiye's services trade surplus, saying it had reached nearly $63 billion.

Türkiye's annualized services exports reached $122.2 billion as of February this year. Imports stood at $59.7 billion.

Total exports of goods and services reached a historic $396 billion in 2025, according to official data.

The government's medium-term economic program foresees overall exports reaching $282 billion this year. Together with services exports, that figure is estimated to total $410 billion.

The new measure is designed to encourage exporters to fully repatriate foreign currency revenues while boosting Türkiye's appeal in sectors such as software, gaming, health tourism and other knowledge-intensive services.

The incentive is part of a broad package aimed at boosting Türkiye's competitiveness and attracting investment.

The package also foresees Türkiye reducing the manufacturing ​exporters' corporate tax rate to 9%. The incentives also include zero corporate income tax on transit trade.

  • shortlink copied
  • KEYWORDS
    turkish economy economy trade exports services sector services exports türkiye taxes incentives
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    No Image
    Colorful journey of nomadic herders​​​​​​​ in Turkey’s Black Sea region
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • DS TV
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021