Investment Incenives under the Incentive
Investment Allowance Exemption From Custom Duties and Funds Zero Rate VAT State Owned Land and Building Lease Fund Credits Exemption From Construction Licence Fee Reduction of Stamp Duty for Capital Increase Reduction of Fee on Mortgage Procedures Investment Incentives under the Tax Legislation Initial investment allowance
200% on the initial fixed capital investment expenditure for the investments in Priority Development Regions (Güzelyurt and Karpaz) and in sectors with special importance
100% on the initial fixed capital investment expenditure for the investments in other sectors and regions
Import of machinery and equipments concerning the project are exempt from every kind of custom duties and funds
Both the imported and locally purchased machinery and equipment
Long term and low rate investment credits are available from the Investment and Export Incentive Fund.
Annual investment allowances (wear and tear)
