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Q1-2010 CIF incentive for free trade zones |
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Free Trade Zone Law was amended on 13 January 2010. Accordingly, from the income acquired from free trade zones, the amount representing 0.1% (previously 0.5%) of the fee to be paid in cash from the CIF value of goods brought from abroad into free trade zones shall be deposited in a private account opened before the Central Bank. Furthermore, the deposit rate applied to the fee paid in cash from the FOB value of the goods brought from free trade zones into Turkey has changed.
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