TİCİS TÜRKİYE · 05.09.2026
A tax advantage in export financing can help a business move forward. Its real value, however, depends on the total cost of the loan, its conditions and the timing of export receipts.
According to the Turkish Ministry of Trade’s statement dated 5 September 2026, the Banking and Insurance Transactions Tax (BSMV) exemption has been expanded for Central Bank of the Republic of Türkiye (CBRT) rediscount credits provided through commercial banks. Long-term rediscount credits are now covered alongside short-term credits.
The TİCİS assessment: Turn the advantage into stronger cash flow
At TİCİS, we see this development as an important opportunity for exporters to reassess their existing financing offers.
However, we do not believe a business should base its decision on the tax exemption alone. Interest or profit charges, commissions, collateral expenses and repayment schedules must be assessed together before the benefit becomes clear.
Our approach is straightforward: financing should help a business fulfil its orders and reach the point of collecting payment.
For example, a manufacturer expecting export payment in four months may face a cash shortfall if loan repayments begin in the third month, despite the cost advantage. The question is therefore how well the financing fits the business’s trading cycle, as well as its price.
What should businesses do this week?
1. Request an updated written offer from your bank
Ask explicitly whether the product you are considering qualifies for the exemption, which transactions are covered and what the total cost will be. Do not interpret the change as a general tax exemption for all business loans.
2. Compare offers on the same basis
Compare offers for the same amount, term and repayment schedule. Assess an apparently low rate alongside any additional charges or collateral requirements.
3. Map the journey from order to payment
Place raw material purchases, production, shipment, customer payment terms and loan repayments on a single timeline. Calculate the additional funding the business would need if collection were delayed.
4. Do not overlook buyer and market research
Access to finance does not guarantee that a sale will be paid for. Before allocating capacity to a new customer, review company details, trade references, payment terms and contractual responsibilities.
More borrowing or sounder growth?
In our view, the most valuable use of this change is to improve financing for existing orders, make costs transparent and prepare more thoroughly for growth, rather than increase borrowing simply because funding is available.
For a business planning additional capacity, financing discussions should take place alongside an assessment of market demand, the customer base and the production plan. Credit then becomes part of a prepared business plan, rather than a reason to expand in its own right.
TİCİS takes an integrated approach to commercial research, financing readiness and business development. Contact us to discuss your financing needs, target market and growth plans.
Source: Turkish Ministry of Trade — statement dated 5 September 2026
This publication provides general information and TİCİS’s commercial assessment. Loan eligibility, tax treatment and transaction conditions should be confirmed with the relevant bank and tax adviser.