With the Decree Amending the Decree on State Aids in Investments No. 7108 (" Presidential Decree No. 7108 ") published in the Official Gazette dated 20 April 2023 and numbered 32169, the "Digital Transformation Support Program", which was first included in the first paragraph of Article 2 of the Decree on State Aids in Investments No. 2012/3305 (" Council of Ministers Decree No. 2012/3305 "), was defined as a program to support investments aiming to achieve results such as cost reduction, productivity and quality increase, employee and customer satisfaction by integrating technological products and solutions into business processes. "Green Transformation Support Program" was included as well and defined as a program for supporting investments that are compatible with the circular economy approach, that protect natural resources, that contribute to climate and sustainability targets, and that aim to achieve resource-efficient and low-carbon production. With the amendment made to Article 5 of the Council of Ministers Decree No. 2012/3305 titled "Fixed Investment Amount and Minimum Capacity" , it has been regulated that the condition that the ratio of intangible fixed assets (brand, license, know-how, etc.) accepted as investment expenditure shall not exceed 25% of the total fixed investment amount registered in […]
Turkey: The Decree Amending The Decree On State Aids For Investments Entered Into Force, Introducing The Concepts Of “Digital Transformation Support Program” And “Green Transformation Support Program”, And Amending Investment Incentive Practices
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