Evaluation of the Tax Practices in Free Zones Within the Framework of New Regulations

Free zones are within the political borders of a country, but they are outside from the customs territory for the implementation of customs and foreign exchange legislation. These regions primarily play an important role in the sustainable economic growth of both developed countries and developing countries, such as increasing exports, facilitating foreign capital inflow and increasing foreign exchange reserves. The most important reason why firms move towards free zones is the tax advantages that these regions provide to companies. The aim of this study is to examine the tax law and other legal regulations regarding the free zones after the Law no. 6772 on Free Zones Law and some Laws and Decree Laws (Decree Law) published in the Official Gazette No. 29989 dated 24 February 2017