Minority asks for approval of tax exemption for 1D1F

"The exemption process for certain taxes for those who will benefit from 1D1F is a blank application. I was at this meeting and we realized that it was as if we were asking to sign a blank check. Yes, the constitution gives Parliament a mandate to levy taxes … we want to know that it is about taxes and we ask Parliament to weigh this tax, "said Yusif Sulemana, Member of the Commission of the European Parliament responsible for ranking of trade and industry. I said.

The package removes taxes on machinery and equipment for operators under the policy and includes an exemption from the corporate tax for a period of five years.

The main argument of the minority against the package is that no amount is mentioned regarding the waivers, which essentially gives the operators a blank check in terms of tax exemptions, but the majority group insists on the fact that all individual applications will be examined by Parliament.

A government incentive program for operators of the One-District-One-Factory program had already met stiff opposition from the Parliament's Trade and Industry Committee.

The package, which included tax exemptions and tax holiday periods of up to five years, was under review at the committee level after being introduced in the House earlier.

The government had indicated that about 181 factories were in different stages of development, but Yusif Sulemana said the government needed to give details and indicate the exact amount of tax relief that he planned to grant. to the operators of the factory.

— Citinewsroom