Energy
Energy is a crucial driver of economic growth. The energy sector stands out in the Turkish economy due to its high investment demand.
While there are numerous energy sources globally, the importance of those that are efficient and environmentally friendly is increasing day by day. Governments utilize various policy tools to ensure that energy needs are met effectively, safely, and securely. One of these tools is economic policy instruments, with tax reductions, exemptions, and incentives being the most notable.
To ensure the sustainability and security of energy policies, countries provide various incentives and support for energy production from renewable sources through different applications of varying scales.
Turkey’s energy dependency is seen as the biggest constraint in determining energy policies. To overcome dependence on energy imports, Turkey is implementing significant incentive policies to develop renewable energy policies.
Recently, the growing energy demand, Turkey’s position as one of the world’s most important energy corridors, and the steps taken to liberalize and restructure the energy market have led to an increase in both domestic and foreign energy investments, diversifying the types of investments.
As VİZYON, based on years of experience and expertise in the fundamental dynamics of the energy sector, we offer the following services:
- Tax reduction (application of reduced income or corporate tax until the investment contribution amount is reached)
- VAT exemption for the purchase of machinery and equipment related to energy resources
- Application of low or zero customs duties for the import of equipment such as wind turbines and solar panels
- VAT refund for fixed asset investments above a certain scale
- Excise tax (ÖTV) exemption for fuels used in electricity generation
- Income tax withholding support
- Exemption from stamp duty and fees for documents and transactions related to electricity plants that are concluded during the investment period
