Amendments announced on the Communique concerning the implementation of the Decision on State Aid for Investments no.2012/1.

Amendments on the “Communique concerning the implementation of the Decision on State Aid for Investments (the Communique no.2012/1)” provided below have been announced through the Communique no.2017/1 published in the Official Gazette dated 26 July 2017:

- Provided that the specified conditions are met, companies are entitled to apply voluntarily to the local authorities in the area on which the investment will be made for the investments that are handled within the scope of regional incentive implementations. 

- A number of amendments have been announced regarding the assessment of investment project applications specific to energy productivity acknowledged among the investments with priority.

- A number of amendments have been announced regarding the criteria on assessment of integrated livestock investments. 

- Regulation allowing access to the other supports registered in the incentive certificate has been introduced for the machinery and equipment of which the import process started with one of the payment ways existing in the exchange legislation within the investment period or paid partially/entirely, but not imported yet.

- Concerning the ship-building investments of the shipyards which are supported within the scope of general incentive implementations, regulation has been introduced indicating that the portion of employer’s national insurance contribution corresponding to the minimum wage for the insured workers employed in the construction of ship with certificate of incentive, regardless of a completion visa, will be supported by the Ministry for maximum 18 months despite the construction proceeds.

- Amendments have been made concerning the imported and domestic machinery-equipment lists and conditions for the revision of investment incentive certificate.

- Certain amendments have been made on the implementations applied to the purchase of machinery-equipment with incentive certificate handled within the scope of financial leasing transactions.

- Through the temporary Article 3 titled as “Implementations for the previous decisions” attached to the Communique no.2012/1, it’s indicated that the points existing in the concerning Communique’s Attachment 5 titled as “The Documents Required for Investment Completion Visa” will also be applicable on investment incentive certificates’  transactions of completion visa issued in line with the previous Decisions.

-  “Un-licenced Power Generation Investments” have been included in the sectors and fields that the local authorities will be able to issue incentive certificates.

The terms within the Communique had been enacted as of the date of promulgation.

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.


Best Regards,
Kuzey YMM ve Bağımsız Denetim  A.Ş.