Investment Incentive Certificate Services || Türkrefund

Investment Incentive Certificate Services

Investment incentive certificate is a support tool implemented by the State of the Republic of Turkey to support the investments of entrepreneurs within the country, including tax duty exemptions and cost advantages.

Companies using investment incentive certificates can benefit from advantages such as VAT exemption, SSI incentive, corporate tax reduction, interest support and customs duty for four and a half years. Türkiye consists of six regions in terms of investment incentives. Support is provided according to the incentive map and investment sector.

INVESTMENT INCENTIVE CERTIFICATE is a document covering a period of four and a half years. The company that wants to request a document can make a request from the Ministry of Industry and Technology by undertaking to meet the minimum investment requirement. Investment incentive certificates are no longer issued on paper. Investment incentive certificates are issued electronically via the e-tuys system.

Since the expenses incurred before purchasing the incentive certificate will not be included in the scope of the document, it will be advantageous to obtain the document before the investment begins.

Before obtaining an investment incentive certificate, an investment plan must be made and examined on a sectoral basis.

As Türkrefund, we provide consultancy services regarding the acquisition of new investment incentive certificates, their follow-up, finalization, revision procedures, correct use of the document, training and execution of the closing phase and the process after closing.”

PURCHASING INVESTMENT INCENTIVE DOCUMENT

In Turkey, investment incentive certificate legislation was last updated in 2012. Based on decision no. 2012/3305, investment incentive certificates are issued. In the past legislation, there was an incentive system consisting of four regions. In the active legislation, investment incentive certificates are divided into regions on a provincial basis.

A company that invests without obtaining an investment incentive certificate will be deprived of some state support. Investment incentive certificate is given to companies that undertake to complete the minimum investment requirement, excluding non-incentivized investment subjects. It can be given not only to new investments, but also to companies that want to expand their existing investments, modernize them, move their investments and make additions.

• Before requesting an investment incentive certificate, it is necessary to make an analysis of the planned investment.

• It is necessary to determine the investment incentive certificate conditions, investment region and investment sector correctly.

• When planning an investment incentive certificate, the investment period should be calculated over four and a half years.

• Priority investment issues, regional investment issues, minimum investment conditions when choosing an investment region

REQUIRED DOCUMENTS FOR OBTAINING INVESTMENT INCENTIVE CERTIFICATE

1. Investment Incentive Certificate Investment Information form, Türkrefund will prepare and will be sent to your company for approval.

2. E-tuys petition signature stamp 2 copies,

3. Fill out the e-tuys information form (attached).

4. E-tuys letter of undertaking notarized

5. E-tuys user authorization form signature stamp 2 copies,

6. Investment Incentive Certificate Application Fee Receipt (to be deposited on behalf of your company)

7. Investment Incentive Certificate Declaration and Commitment, (Turkrefund will send the sample.)

8. Signature circular for Investment Incentive Certificate (will be sent to Turkrefund)

9. Trade Registry Gazettes, (To be sent to Türkrefund.)

10. Investment Incentive Certificate Capacity Report for expansion investments (will be requested from your company)

11. Investment Incentive Certificate List of machinery to be imported and domestically purchased (Request will be arranged according to the information received.

12. Investment Incentive Certificate, Ownership Status Certificate (Will be requested from your company)

13. If the investment will be made in a rented place, Lease Contract, if it is your own property, Deed (Photocopy)

14. Tax Certificate photocopy,

15. EIA Certificate or Out of Scope document for Investment Incentive Certificate application (will be requested from your company)

16. Letter of No SSK Debt (Will be requested from your company)

17. Capacity Report (For expansion and modernization investments) Can you give information about additional capacity?

A fully prepared Investment Incentive Certificate file is important to finalize it in a short time.

Additionally, sector-specific documents may be required. For example, for a company that will request an investment incentive certificate for energy investment, EMRA permit, call letter and project approval will be required.

You can request consultancy from our company regarding obtaining a new investment incentive certificate.

PROCEDURES AFTER OBTAINING INVESTMENT INCENTIVE DOCUMENT

Yatırım teşvik belgesi alındıktan sonra, belgenin doğru kullanılması için, belge kontrolü yapılır. Yatırım teşvik belgesinin künye bilgileri, makin

e and equipment information, special conditions and support items are examined.

The use of the investment incentive certificate varies depending on whether it is a general document or a regional document. After receiving the incentive certificate, it is necessary to obtain an exemption letter from the tax office in order to benefit from the machinery and equipment supports of the document.

The use of e-tuys investment incentive certificate differs from the use of paper documents in the past. In the e-tuys investment incentive certificate, if the machinery and equipment planned to be purchased is on the imported or domestic list, it is necessary to obtain the ID code for the imported machine before purchasing the machine.

For domestic machinery and equipment, the realization process must be carried out. It is necessary to perform E-TUYS Machine Verification.

In addition to VAT and customs tax exemption, corporate tax reduction and interest support are also possible for regional investment incentive certificate, priority investment incentive certificate, medium-high technology investment incentive certificate, strategic investment incentive certificate, project-based investment incentive certificate. It is necessary to be more careful in the use of these documents than the general investment incentive certificate.

Türkrefund provides a document usage guide for your correct use of your investment incentive certificate after receipt.

Türkrefund continues to provide consultancy services in the process management of your investment incentive certificate. Closing the investment incentive certificate correctly is as important as getting it correctly.

HOW TO BENEFIT FROM INVESTMENT INCENTIVE CERTIFICATE SUPPORTS?

No cash payment is made for Investment Incentive Certificate supports.

Investors who invest using an Investment Incentive Certificate are obliged to pay;

They benefit by not paying customs duty, VAT, KKDF, interest support, and income tax withholding, if any.

They start to benefit after the Investment Incentive Certificate, which is used in insurance premium employee and employer share supports, is closed. They can also benefit from investment location allocation.

INVESTMENT INCENTIVE CERTIFICATE SUPPORTS

• Investment Incentive Certificate Interest Support

• Investment Incentive Certificate VAT Exemption

• Investment Incentive Certificate Investment location allocation.

• Investment Incentive Certificate Income tax withholding

• Investment Incentive Certificate Customs duty exemption

• Investment Incentive Certificate Insurance Premium Worker Share Support

• Investment Incentive Certificate Insurance Premium Employer Share Support,

INVESTMENT INCENTIVE CERTIFICATE PERFORMANCE MONITORING

As important as obtaining a new investment incentive certificate is, the use and closing of the investment incentive certificate is also important.

Companies holding an Investment Incentive Certificate benefit from some supports during the investment period and some during the operation period.

When purchasing an Investment Incentive Certificate, the minimum investment amount is also determined while choosing the sector and region. The investment amount for purchasing an Investment Incentive Certificate is global. Machinery equipment list and construction expenses are determined based on the estimated investment plan. Investment Incentive Certificate performance study helps to use the document efficiently and close it correctly. Investment Incentive Certificate performance study enables you to benefit from the advantages, if any, within the framework of changing legislation.

Türkrefund investment incentive team periodically consults with the accounting, purchasing, import unit and administrative personnel of the company using the Investment Incentive Certificate and ensures that the document is closed at the right time.

INVESTMENT INCENTIVE CERTIFICATE DOCUMENT REVISION:

The missing machine can be added to the machine list later when receiving the Investment Incentive certificate. You do not have to buy the machine that is overwritten.

INVESTMENT INCENTIVE CERTIFICATE MACHINERY AND EQUIPMENT PURCHASES:

Do not worry if the price of the machinery and equipment written in the Investment Incentive Certificate is low or high.

You can purchase your machinery and equipment written in the Investment Incentive Certificate at the price difference between 100% more and 50% less than the value written in the Investment Incentive Certificate list.

If the machinery and equipment prices stated in the Investment Incentive Certificate are outside the limits of 100% excess and 50% deficiency, you can make a purchase by having our experts change the price in your machinery list.

CLOSING OF INVESTMENT INCENTIVE CERTIFICATE:

Your responsibility, which begins with the Investment Incentive Certificate, is realized when your investment is completed and the Investment Incentive Certificate completion visa is approved.

For the supports to be used within the scope of the Investment Incentive Certificate, which are subject to the condition of closing the Investment Incentive Certificate, such as "SGK premium and investment contribution rate", the Investment Incentive Certificate must be closed.

Our experts prepare your Investment Incentive Certificate file and make your application. It ensures the completion of the Investment Incentive Certificate closing procedures by organizing the expert appraisal programs of the institution's experts.

ON-SITE INSPECTION FOR CLOSING OF INVESTMENT INCENTIVE CERTIFICATE:

Institutional experts come to inspect your facility within the scope of the Investment Incentive Certificate.

Production can be done with machines purchased using the Investment Incentive Certificate,

The machines purchased using the Investment Incentive Certificate are recorded in the official records of the investor company,

They write expertise reports documenting that the machines purchased using the Investment Incentive Certificate are in the facility.

If there is no problem, the Investment Incentive Certificate closure (Completion visa) will be approved and your Investment Incentive Certificate liability will end.

BENEFITTING FROM SUPPORTS AFTER THE INVESTMENT INCENTIVE CERTIFICATE IS CLOSED:

Before closing the Investment Incentive certificate, you can benefit from investment discount, VAT, Customs tax and KKDF fund, if any. You can start benefiting from SSI supports after the Investment Incentive Certificate is closed. It cannot be used in advance.

INVESTMENT INCENTIVE CERTIFICATE REALIZATION INFORMATION:

The realization status of the investments made within the scope of the Investment Incentive certificate must be reported to the Undersecretariat of Treasury in January and July of each year.

INFORMATION ABOUT THE INVESTMENT INCENTIVE CERTIFICATE:

During the use of the Investment Incentive certificate, it calls your company, reminds you of your notification obligations by e-mail, fax or telephone, and carries out the transactions in the institution.

OUR SERVICES THAT YOU CAN OFFER TO YOUR COMPANY:

Examination Report: The documents to be used in obtaining your company's Investment Incentive certificates are examined and their accuracy is determined. Invalid documents are requested to be provided as soon as possible.

Application: The documents are checked meticulously and an application is made to the relevant institution.

Follow-up: The file is monitored daily by the relevant institution and processed.

Finalization: As a result of the follow-up, the approved document is taken from the institution and sent to your company together with the user manual containing the Document Usage Information.

INFORMATION AND DOCUMENTS REQUIRED FOR APPLICATION:

Application petition:

Report

trade registry gazette

Signature Circulars

Tax Certificate

Different documents or idea projects will be requested depending on the nature of the investment and the tourism region.

INVESTMENT INCENTIVE DOCUMENT APPLICATION AND APPROVAL PROCESS

• Stage 1 – Authorization:

Your company is registered to the E-TUYS system for authorization by Türkrefund.

• Phase 2 – Project Preparation:

Your investment incentive certificate application file (project) is prepared by Türkrefund and submitted to your company for approval.