09 Dec 2022 INVESTMENT INCENTIVE REGULATION TO ACCELERATE CLEAN ENERGY INDUSTRY INVESTMENTS IN İZMİR
İzmir Development Agency conducts activities to develop investment incentives for the clean energy and cleantech sector according to sectoral needs, within the scope of its investment promotion and support activities focused on this sector. Investments to be made in İzmir in the “Metal Goods Industry Except for Machinery and Equipment” sector, which includes metal parts and parts that are used extensively in the clean energy and clean technologies sector, were also added to sectors that able to benefit from Regional Incentives, with the President’s Decision announced in the Official Gazette dated 30 November 2022.
With the implementation of this regulation, the İzmir Development Agency closely follows, industry investments to be made in the clean energy sector in İzmir will be able to benefit also from Corporate Tax Reduction and Social Security Premium Employer’s Share Support, besides the existing Customs Duty Exemption and VAT Exemption.
More detailed information about the new incentive arrangement can be obtained from the website www.yatirimadestek.gov.tr prepared by the Ministry of Industry and Technology, General Directorate of Development Agencies, and detailed calculations can be made from the Incentives Wizard part of the site.