- Türkiye has introduced a new system of incentive schemes with Presidential Decree No. 9903, replacing previous decrees.
- The new system expands incentive programs and integrates new development programs.
- Incentives include customs tax and VAT exemptions for machinery and equipment.
- Hardware subsidies are available for equipment costing over TRY 2 million, covering up to 25 percent of the cost.
- Interest and profit margin assistance are offered for loans, with varying rates and caps.
- Social security premium support is provided for investments in underdeveloped regions to encourage employment.
- Tax breaks are available for income and corporate taxes under different schemes.
- Investment site allocations are offered in organized industrial zones for eligible investments.
Source: ksthukuk.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.
