Turkish Finance Minister vows tax reforms
“We want to enforce confidence that the New Economic Program the government announced [in September] and created for the market through structural transformation and structural reforms. One of the pillars of those reforms is taxes,” Albayrak said on Feb. 27, addressing the general assembly meeting of the Tax Counsel held in Istanbul.
The government is focusing on a tax reform which the Turkish economy and private sector needs to compete in the international arena, he said, adding that tax system will be simplified to reduce red tape.
Those tax policies should help generate revenue to finance public services but at the same time should not discourage investments, he said.
Albayrak reiterated that the economic outlook has been improving and will advance further starting from April.