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Ankara Leaves Property Tax Value Unchanged, Calls on Poland’s Support for EU Bid

Posted on 09 December 2010

Turkish property owners or those currently purchasing a property in Turkey will be glad to hear that the government has decided not to increase the value it holds on their property for taxation purchases, and so the rate at which they pay tax against the property will not go up either. According to experts the increase should have been 3.9%.

The news came from the Turkish finance minister Mehmet Simsek via the Hurriyet Daily.

The Cabinet has decided to leave the valuation unchanged, Simsek said, according to the Istanbul-based newspaper.

In other news this week the Turkish state minister for foreign trade Zafer Çağlayan has expressed his belief that EU support for Turkey’s accession bid will increase under the Polish Presidency of the bloc.

Çağlayan said that the 3.2 billion USD in trade between the two countries was not representative of their current economic strength, and therefore was not reaching its "real potential".

He went onto say that Turkish companies want to make more investments in Warsaw, and also that Turkey invites more Polish companies and entrepreneurs to make more investments in Turkey.

Çağlayan pointed out that Turkey is only four hours from a geography where 56 countries were located in, and invited Polish investors to make joint business with Turkish investors.

Finally he recalled the fact that Poland has previously given its full support to Turkey’s EU membership bid, and thanked Polish Premier Donald Tusk for the support.

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