Dr. Koray Ateş
korayates@muhasebetr.com

Incentives Provided For Foreign Investors In Turkey

Turkey offers incentives to foreign investors fairly. Thanks to these incentives, the profitability of each investment increases.

Now let's see what these are.

VALUE ADDED TAX EXEMPTION

VAT (value added tax) is not paid for the machinery and equipment to be purchased from domestic and foreign countries within the scope of investment incentive certificate.

CUSTOMS DUTY EXEMPTION

Customs duty is not paid for the machinery and equipment to be purchased from abroad within the scope of investment incentive certificate.

TAX REDUCTION

Reduced tax is applied to the income from the investments made within the scope of investment incentive certificate. The corporate tax rate is %22 in Turkey. With the investment incentive certificate, this rate decreases to 0%.

SOCIAL INSURANCE PREMIUM SUPPORT (WORKERS' SHARE)

The social security premium workers' share calculated over the legal minimum wage for employment provided by the investment incentive certificate is paid by the state. Investment have to be invested in region 6 that benefit from this incentive.. This support period are 10 years..

SOCIAL INSURANCE PREMIUM SUPPORT (EMPLOYER'S SHARE)

The employer's share of the social security premium calculated over the legal minimum wage for employment provided by the investment is paid by the government.

INCOME TAX DEDUCTION DISCOUNT

Income tax deduction is not applied for additional employment provided by investment. Investment have to be invested in region 6 that benefit from this incentive.. This support period are 10 years.

INTEREST RATE SUPPORT

Interest rate support is a financial support provided for at least one 1-term investment loans. Credit should be used for investment made with investment incentive certificate. Some part of the interest on this loan is paid by the government.

LAND ALLOCATION

Land is provided for the investments to be made.

VALUE ADDED TAX REFUND

A strategic investment of at least 500 million TL must be maden for this purpose. The value added tax paid for the building and construction is refundable.

RESEARCH & DEVELOPMENT (R &D) INCENTIVE

100% of R & D expenditures are deducted from tax.

Stamp tax is not paid for the documents to be prepared.

Customs duty is not paid for imported products within the scope of R & D projects.

As can be seen, these incentives will increase the profitability of investments. Such investments will also contribute to employment.

23.09.2019

Kaynak: www.MuhasebeTR.com
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