Turkey: Gulf Cooperation Council Nationals Exempt from Paying Tax
Type
E-journal
Date
5 Aug 2013
Jurisdiction
Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, Turkey, United Arab Emirates, Uruguay
Taxonomy
General Commercial Law, Companies & Corporate Bodies, General Real Property Law, General Tax Law
Copyright
LexisNexis
Analysis
Turkey's consul general in Saudi Arabia, Fikret Ozer, has announced GCC nationals will no longer have to pay taxes in Turkey, under new measures recently approved by the Turkish government.
The move comes as Turkey aims to encourage investment from Saudi Arabia and other the GCC countries.
Other measures approved by the Turkish government, include allowing Saudi nationals to buy immovable property.