Minister Pekcan stated that the withholding tax exemption used by free zone companies, which mainly produce high and medium-high technology, for their personnel, was reduced from 85% to 80% for 2020.
Trade Minister Ruhsar Pekcan, in her post on her Twitter account, mentioned the Presidential Decree on taxpayers operating in free zones published in the current issue of the Official Gazette.
Minister Pekcan shared, “Due to the difficulties caused by the pandemic, the withholding tax exemption used by free zone companies, which mainly produce high and medium-high technology, for their personnel, was reduced from 85% to 80% for 2020. Good luck.”
Source: AA / Translated by Irem Yildiz
