Turkey to Cut Leasing Tax on Capital Goods to 1%, Anka Reports

Turkey will lower an 18 percent tax on leasing of machinery and other capital goods to one percent, Anka news agency reported, citing Finance Minister Mehmet Simsek.

The ministry will complete work on the related legislation by the end of this year, Simsek told a parliamentary comission debating 2012 budget plans yesterday, according to Ankara-based Anka.

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