Saudi Gazette - Turkey exempts GCC investors from tax:
"The Turkish government announced exclusion of GCC investors from paying taxes, according to Turkey’s Consul General in Saudi Arabia, reported Al-Yaum newspaper.
Turkey witnessed a notable surge in projects by Saudis and other investors from the GCC, which led to the decision that primarily aims at maintaining a welcoming environment for investors in Turkey, Fikret Ozer, Turkey’s consul general in Saudi Arabia, told the newspaper.
Many Saudi investors refrain from foreign investments because of the taxes imposed by foreign governments, Ahmed Al-Marbai, member of the Industrial Committee at the Jeddah Chamber of Commerce and Industry, who invests in Turkey, told Al-Yaum as he welcomed the decision."
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