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ARTICLE · 08 OCTOBER 2020

Turkey Amends The Decision On State Aids In Investment

Moroglu Arseven
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The Decision Amending the Decision on State Aids in Investment amends the Decision on State Aids in Investment mainly with the purposes of supporting environmental responsibility in production and ...

TurkeyStrategy
E. Benan Arseven
E. Benan Arseven
A. Başak Acar, LL.M.
A. Başak Acar, LL.M.
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The Decision Amending the Decision on State Aids in Investment amends ("Amendment Decision") the Decision on State Aids in Investment mainly with the purposes of supporting environmental responsibility in production and high technology investment by considering the investors' needs. The Amendment Decision has been published in the Official Gazette dated 21 August 2020 and numbered 31220.

Within the framework of the amendments;

  • Gold-backed mining investments shall not be qualified as strategic investments.
  • The amount of incentive for research and development and environmental investments shall be up to 1,800,000 Turkish Lira.
  • The investment participation rate set forth within the framework of large-scale investments, investments for regional incentives, and strategic incentives shall be increased by one half provided that it is requested during the application for incentive certificate and the tax deduction is not claimed.

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