Company Formation

What happens on the VAT side?

Goods supplied from Turkey into a free zone are treated under the export regime, so no VAT arises. Services rendered within the zone are also exempt. For services such as maintenance, repair, assembly, packaging and storage, two conditions apply together: the recipient must be established outside Turkey, and the goods must be dispatched from the free zone to a foreign country.

Read the full article: Who Actually Benefits From a Turkish Free Zone: Foreign Investors and Turkish Companies →