- Investment incentive certificate holders are exempt from VAT on deliveries of machinery and equipment, software, and intangible rights within the scope of the certificate.
- Construction works related to investment incentive certificate holders in manufacturing industry and tourism are also exempt from VAT until 31.12.2025.
- The VAT exemption is a general incentive within the scope of general incentives, covering all investments except those not eligible for incentives.
- Machinery and equipment, as well as sales and leases of intangible rights, are considered exempt from VAT if they are listed in the investment incentive certificate and used for activities eligible for tax deductions.
- Public institutions providing services directly to the public are often overlooked in the VAT exemption for machinery and equipment deliveries.
- Vehicles, spare parts, and consumables are not considered machinery and equipment for VAT exemption purposes.
Source: alomaliye.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
