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ARTICLE · 08 DECEMBER 2016

Invest In Turkey: The Next Episode

Guzeloglu Attorneys-at-law
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On 26 November 2016, the decision of Council of Ministers dated 17 October 2016 regarding project based investment aid structure has been published in the Official Gazette and became effective.

TurkeyGovernment, Public Sector
Abdulkadir Guzeloglu
Abdulkadir Guzeloglu
Fatma Esra Guzeloglu
Fatma Esra Guzeloglu

On 26 November 2016, the decision of Council of Ministers dated 17 October 2016 regarding project based investment aid structure has been published in the Official Gazette and became effective.

In order to create value added investment projects that includes innovative, R&D focused and sustainable elements and targets, Council of Ministers of Republic of Turkey has developed a new scheme that will allow investors to benefit from a myriad of exemptions and incentives, including;

  1. VAT exemption,
  2. VAT refund,
  3. Tax abatement or exemption,
  4. Insurance premium incentive for employer shares,
  5. Income tax withholding incentive,
  6. Interest incentive or grants,
  7. Contribution to capital,

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