Turkish parliament to discuss bill proposing new economic measures

Turkish parliament is set to begin talks on a new bill on economic measures this week.

The 39-item bill proposed by President Recep Tayyip Erdoğan’s Justice and Development Party (AKP) government, introduces an amnesty for tax evasion crimes, Diken reported on Monday.

The bill also introduces amendments to the taxation of doctors working in private hospitals, it said.

The draft law arrives as the Turkish lira has slumped to successive record lows against the dollar over the past 12 months and lost 44 percent of its value in 2021, after Erdoğan ordered the central bank to cut interest rates to 14 percent from 19 percent late last year to reduce borrowing costs, despite an uptick in inflation.

Erdoğan’s unorthodox monetary policy and a sell-off in the lira pushed inflation to 61.1 percent in March, from 54.4 percent in February, extending the highest levels in two decades.

The government’s proposal calls for an increase of mukhtars’ salaries, Diken said.

The bill will pave the way for the savings finance companies to use the title of “participation company”, similar to the banking sector, according to the news site.

The advertisement expenses of the income taxpayers who continue to advertise those who have been imposed advertising bans, will not be considered as an expense in the calculation of their tax bases, according to the proposal, it said.

The bill calls for a deduction of pricing on the cash sale of state-owned immovable property that belongs to the Treasury, according to Karar newspaper, in a move that paves way for the Treasury's agricultural lands to be leased to private entities.

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