Turkey offers extra tax incentives for entrepreneurs investing in TPP construction
Turkey will provide additional tax incentives to entrepreneurs investing in the construction of thermal power plants (TPP), Turkish Energy Minister Taner Yildiz said, Sabah newspaper reported.
Preference will be given to companies that use local coal in operation of thermal power plants.
The package of incentives include tax relief and allocation of additional funds as assistance to entrepreneurs from the state.
Earlier, the Turkish Parliament adopted a law to stimulate the economic development of the country, providing tax relief for investors who invest in the most backward provinces of the country.
Under the law, if necessary the state will allocate buildings to entrepreneurs investing in the most backward regions of Turkey. At the same time, investors will be provided with additional incentives when purchasing land for investment in these regions.
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