Government Supports Growth: Turkish Game Studios Enjoy Tax Exemption
During his presentation at PGC San Francisco, Tuğbek Ölek, Head of Advisory Board of TOGED, sheds light on Turkey's tax incentives to support its rapidly expanding mobile gaming industry. Here's the speech from PGC: Zero Tax + Incentives: Turkiye's Bold Leap Into GameDev The Turkish mobile gaming industry thrives with big names like Dream Games, Peak, and Rollic. These studios showcase Turkey's global gaming prowess, with half of them based in Istanbul, making it Europe's second-largest gaming hub after London. Ankara also plays a significant role as Turkey's second-largest gaming hub. Are Turkish game studios exempt from paying taxes? Investing in gaming ventures enjoys the benefit of being entirely tax-free, courtesy of Turkey's absence of capital gains tax. Ölek elucidated that this translates to a significant advantage: in the event of a $10 million exit resulting from an investment, the […]