Turkey’s nuclear incentives

Turkey’s nuclear incentives

Overview

  • Release Date: March 17, 2017

The regulation put into practice by Turkey and called as “super incentive” ensures that important investments are specially supported by the decision of the Council of Ministers.

It was learned that the first investment package was prepared within the scope of “super incentive”, where incentives can be applied for almost all investment and operating period expenses, from income and corporation tax exemption to electricity bill payment, land planning and infrastructure, salaries of key employees. It was emphasized that investments in the first package is more in the information sector.

According to the information received, the Ministry of Economy has completed preparations for submitting some of the applications to the Council of Ministers.

In the negotiations with Russia, the Russian side is willing to include Akkuyu Nuclear Power Plant investment in this scope but no definite decision had been made in this regard yet.

Kanal Istanbul and Turkey’s satellite projects are expected to be covered under the super incentive. The first package to be presented to the Council of Ministers will be the health, energy and highway-bridge investments planned by the public-private partnerships.

About Author

Arnaud Lefevre

Arnaud Lefevre is the Chief Executive Officer of Dynatom International. Arnaud is in charge of the international development of the business portfolio.