Can incentives and discounts not used within the scope of investment incentives be used later, in Turkey?
Within the scope of Articles 23 and 23A of the Decision No. 2012/3305 on Subsidies in Investments, in the transfer of the current investment from Region 4 to Region 1 (after the region change and 5 years have expired):
1- Can investment incentives rate and incentives of discounted corporate tax rate, which are not used in the investment incentive region, be used?
2-What will be the 5-year incentive previously used by the Insurance Premium employer support due to region change and will employer benefit from premium support in the 6th year?
Change of Investment Region
(1) Application of the demand for region change related to investments with incentive certificate is made to the relevant authority which evaluates the applications. Demands for such change are finalized due to regional and sectoral restrictions.
(2) In addition to the existing investments, the demands for changes in the scope of the incentive certificate are evaluated according to their provisions.
(3) Applications made to the relevant chambers are finalized by taking the opinion of the Undersecretariat.
(4) The subsidy elements applied to expenditures that cannot be transferred instead of new investments are withdrawn from the investor within the framework of the relevant legislation, from the investments made with the excess of these subsidy elements, if the subsidy used for the investments made before the change of investment region is more than the subsidy elements in the new investment region.
Source: İSMMMO
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