Amendments to the Communique (no.2012/1) on Implementation of the Decision for State Aids to Investments indicated below have been announced through the Communique (no.2020/1) published in the Official Gazette dated 16 October 2020 and enacted as of the same date:
The expected 20% energy saving rate for energy investments has been reduced to 15% and the condition for returns to the investment within a maximum of 5 years is removed.
ANNEX-2 titled "Information and Documents Required to be Obtained from Other Public Institutions and Organizations as per the Relevant Legislation Before Requesting an Incentive Certificate Based on the Characteristics of the Investment" has been repealed.
In ready-to-wear investments, if the capacity increase exceeds 100% due to the addition of machinery and equipment in existing facilities, these investments will not be considered as completely new investments.
Completion visa procedures for investments made by public institutions will be made by the General Directorate based on the information and documents provided directly by the relevant institution, without any expertise.
Our explanations provided above include general information on the issue. No responsibility can be claimed against EY and/or Kuzey YMM ve Bağımsız Denetim A.Ş. due to the implications arising from the context of this document or emerging with respect to its context.
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