Press release
What Is an Investment Incentive Certificate?
Learn how an Investment Incentive Certificate supports investment through tax and premium incentives, and how related equipment is recorded in SAP.
What Is an Investment Incentive Certificate (YTB)?
An Investment Incentive Certificate is issued to provide government support for investments that channel savings into productive activity. It aims to create high added value through appropriate technologies, address regional development disparities and fiscal imbalances, create employment and strengthen international competitiveness.
An Investment Incentive Certificate issued by the Undersecretariat of Treasury and Finance provides the investing company with several benefits.
An Investment Incentive Certificate does not mean a cash payment to the company, with exceptions for SME investment incentive certificates and R&D investments; investments in technology parks; environmental protection investments; agricultural industry investments that procure raw materials through contract production; investments in priority technology fields identified by the Supreme Council for Science and Technology or the Scientific and Technical Research Council of Türkiye; investments promoting regional development; and investments relocated to organized small industrial zones comprising organized industrial zones and small industrial estates. Instead, it consists of measures that prevent substantial cash outflows for the investor.
Every investor whose investment meets the requirements of investment incentive legislation is entitled to obtain an Investment Incentive Certificate and benefit from government support. Holding the certificate strengthens the investment’s competitiveness in both domestic and international markets.
Support Measures
- VAT exemption
- Customs duty exemption
- Tax reduction
- Interest support
- Investment site support
- Insurance premium support
- Income tax withholding support
- An Investment Incentive Certificate must be obtained to benefit from these support measures.
- Materials and equipment purchased for the investment under this framework must be recorded in SAP.
- For imports of the relevant equipment, the Investment Incentive Certificate must be assigned in the customs clearance screen.
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