Decree concerning State
Encouragements to Investments - Part II
Source: Official Gazette - Decree
concerning state encouragements to investments and the investment
encouragement fund Decree No: 10755; Issued: March 25th 1998
How to Benefit From the Elements of Encouragement
Article 5.
Within the coverage of an encouragement certificate, investments in the
belowmentioned sectors in Developed Regions, and investments in the
Organized Industrial Zones determined by the Ministry of Industry and
Trade, investments in Normal and Priority Development Regions and
investments to be realized by enterprises which fall under the definition
of SME’s can take advantage of the encouragement elements
listed in Article 2.
Investments which can benefit from the encouragement elements in Developed
Regions are as follows:
- Electrical energy production investments (including “autoproduction”
investments)
- Infrastructure investments
- Investments to be realized within the framework of the Build-Operate or
Build-Operate-Transfer Models
- Investments aimed at developing a new product or model, Research and
Development (R&D) and planning
- Investments related to environmental protection
- Priority technological investments which are determined by the High
Commission of Science and Technology
- Electronics industry related investments
- Ship and yacht building investments
- Shipyard investments (Shipbuilding, and repair facilities)
- Other, “services investments” which are to be determined by
the Undersecretariat, including; technoparks, informatics technology,
education, health and tourism investments.
- Investments that are permitted by the Undersecretariat in order to
replace existing investments which are to be transferred to the Priority
Development Regions or outside the country, with the condition that, the
realization of the new investment is at the same place of the one being
transferred.
- Expansion, modernization, renewal, quality upgrading, bottleneck
elimination, integration, and completion investments.
- Investments to be permitted by the Undersecretariat, among the
investments completely new with a fixed investment value of above 50
Million US Dollars and include one or more of the following
characteristics; necessitating high technology, high added value,
contribution to an increase in tax income, contribution to an increase in
employment. Top
Customs Duty Exemption
Article 6.
The import of the machinery and equipment (excluding raw materials,
intermediate and operating products) listed in connection with an Investment
Encouragement Certificate is exempted from Customs Tax and the Mass Housing
Fund paid in accordance with the Decree on Import regime.
However; if the items listed below are to be imported within the framework
of an investment encouragement certificate, Custom Tax and the Mass Housing
Fund will be charged at the rate set forth in the prevailing Decree on
Import Regime;
- automobiles,
- buses (including double-decker buses),
- separate chassis (trailer mountable) trucks, (excluding ones which have
environment safety standard engines, respectfully ones which have Euro I
and/or Euro II Standards)
- trailers (to be pulled by separate chassis trucks) (excluding ones which
have refrigeration units)
- furniture
- yachts (including motorboats)
- trucks (excluding off-road, and rock carrying type heavy-duty special
purpose dump-trucks which cannot operate on public roads)
- transmixers
- uninterrupted power sources
- cement centrals
- forklifts
- cement pumps
- construction equipment
- kitchenware and tableware products made of porcelain and ceramics. Top
