December 7, 2022
With the Decision Amending the Decision Regarding State Supports in Investments, which was published in the Turkish Official Gazette on November 30, 2022, it can be agreed to strategically support port and storage facility investments in industrial zones worth at least 3 billion TL. Without requesting the commission review planned for strategic investments, an incentive certificate will be granted for these projects.
The paragraph concerning “advance loans with investment commitments,” paragraph 9 of the decision, which establishes the rules regarding investment loans to be given in order to support investments within the decision’s purview, and paragraph 9 regarding the conversion of hotel investment incentive certificates to the general incentive system in article 24 have all been repealed.
The decision’s provisional Article 8, which dealt with VAT refunds, corporate tax breaks, and income tax breaks for building-construction costs incurred between January 1, 2017, and December 31, 2024, as long as they fell under the purview of investment incentive certificates issued for the manufacturing sector, was also repealed.
Source: Turkish Exporters Assembly
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