Turkey to Make Religious Building Donation Tax-Deductible
By Ali Berat Meric and Emre Peker - May 23, 2012 8:31 AM ET
Turkey is planning to make donations for the construction of religious buildings tax-deductible as part of a package of investment incentives.
The measure, included in a draft law submitted to parliament in Ankara today, covers all places of worship built with official permission as well as religious education facilities such as Koran schools. Donors will be able to deduct contributions of as much as 10 percent of taxable income.
More:Turkey to Make Religious Building Donation Tax-Deductible - Bloomberg