TAX INCENTIVE PRACTICES FOR EXPORT

Abstract

Export is the sale of a product made within a country to another country in exchange for foreign currency. Export helps to increase the gross production of the exporting country as well as the sales of companies, create employment and establish new markets.
Export initiatives are programs created by governments to encourage businesses to export goods and services. The most important of the practices that lead firms to export is export-oriented incentive policies. Export incentives are important in terms of promoting exports, developing export markets and increasing their share, increasing the competitiveness of companies opening up to international markets.
Countries apply tax incentive methods such as discounts, exemptions, immunities, tax breaks for financial, economic and social reasons. Export-oriented tax incentives make an important contribution to the export of goods produced within the country. It increases the level of competitiveness of the goods produced by manufacturers within. It ensures that the share of exported processed products in total exports increases over time. It also includes supports such as tax incentives, financial support, land and estate procurement and social security contributions. Tax incentives and supports included in tax laws and other relevant legislation reduce the costs of companies and increase their profitability. Therefore, it is very important for companies.
The aim of this study is to introduce tax incentives and export-oriented practices applied in Turkey as well as the world, discuss the impact of these practices on exports and make an overall assessment.