IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 19 Jun 2012 | Removal date: open ended
Still in force

FDI: Financial incentive

On June 19, 2012, the new investment incentive schemes including the (1) General Investment Incentives Scheme, (2) Regional Investment Incentives Scheme, (3) Large-Scale Investment Incentives Scheme and the (4) Strategic Investment Incentives Scheme came into effect (Decree 2012/3305). 
 
Local and foreign investors have equal access to these liberalising investment schemes.
 

Incentives under General Investment Incentives Scheme can be obtained regardless of the region. The investment instruments in this case are:
a) Customs duties exemption.
b) Value addedtax (VAT) exemption.
c) Income tax stoppage support.
d) Social security premium employer share support.
 
Regional incentives are implemented for specific sectors and only if the investment is done ina selection of regions in Turkey. The investment instruments in this case are:
a) Customs duties exemption.
b) VAT exemption.
c) Tax discount.
d) Social security premium employer share support.
e) Investment land allocation.
f) Interest support.
g) Income tax stoppage support.
h) Social security premium support.
 
Large scale investments above certain minimum amounts may benefit from the following incentives:
a) Customs duties exemption.
b) VAT exemption.
c) Tax discount.
d) Social security premium employer share support.
e) Investment land allocation.
f) Income tax stoppage support.
g) Social security premium support.
 
Strategic investments may benefit from the following major incentives, regardless of the region of investment: 
a) Customs duties exemption.
b) VAT exemption.
c) Tax discount.
d) Social security premium employer share support.
e) Investment land allocation.
f) Interest support.
g) VAT return.
h) Income tax stoppage support.
i) Social security premium support.

 

AFFECTED COUNTRIES

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