Recent Developments
Important amendments were made to the investment incentives
legislation through
- The "Presidential Decree No.
1402 Amending the Decision on Subsidies in Investments"
("Decree No. 1402") and
- The "Presidential Decree No.
1403 Amending the Decision on Supporting Investments on a Project
Basis" ("Decree No. 1403"),
both published in the Official Gazette No. 30855 dated 7 August
2019.
The major amendments made to the investment incentives
legislation through these Decrees are explained below.
What's New?
a) Amendments on the Decision on Subsidies in
Investments
- The Decision on Subsidies in
Investments comprised general, regional, large-scale and strategic
investment incentive schemes. The Decree No. 1402 abolished
the "large-scale investment incentive
scheme".
