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With the Presidential Decree, it has been stipulated that state aid will be provided for green transformation investments.
An amendment was made to the Decision on State Aid in Investments to provide support for green transformation investments.[1][2]
With the Presidential Decree published in the Official Gazette dated 20 April 2023, the definition of "Green Transformation Support Program" was added to the regulation and it was stated that this program would be carried out by the "General Directorate of Strategic Research and Efficiency".
With the amendment, it was also stipulated that the limit applied to other investments in the acquisition of intangible assets will not be applied to green transformation investments.
According to the decision, these investments include brands, licenses, know-how, etc. For the acquisition of intangible assets, such as, will be exempt from the 25% limit applied to other investments. In addition, provisions were made that these investments would be included among the priority investment subjects.
With the amendment made, the section added to the 2nd article of the regulation titled "Definitions" is as follows;
(ö) Green Transformation Support Program: The support program to be carried out by the General Directorate of Strategic Research and Efficiency within the scope of the implementation procedures and principles to be determined by the Ministry, in order to support investments that are compatible with the circular economy approach, protect natural resources, contribute to climate and sustainability goals, aim at resource-efficient and low-carbon production,
The change in the regulation that provides exemption for the acquisition of intangible assets for these investments was made with the following amendment made in the 3rd paragraph of Article 5 titled "Fixed investment amount and minimum capacity";
(3) The rate of intangible assets (brand, license, know-how, etc.) accepted as investment expenditure within the scope of the incentive certificate cannot exceed twenty-five percent of the total fixed investment amount registered in the incentive certificate. This provision does not apply to investments within the scope of the Digital Transformation Support Program and the Green Transformation Support Program.
The provision that green transformation investments will be included in the priority investment topics in the regulation has been added as paragraph (ff) to the 17th article of the regulation titled "Priority investment topics" as "Investments within the scope of the Green Transformation Support Program." It was brought with the phrase.
[1] Decision on Amending the Decision on State Aids in Investments (Decision Number: 7108)
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