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ECOSYSTEM
Turkish defense industry has an attractive ecosystem
supported by a qualified workforce, incentives and know-how
Incentives Scheme
PRODUCT & TECHNOLOGY FINANCE OF P&T DEVELOPMENT
DEVELOPMENT EXPENDITURES EXPENDITURES
($ Million) ($Million) 2500
Main Incentive
Tools Incentives for Priority Incentives for Large Incentives for Strategic Project-Based Incentives Incentives
2500 2.061 General Incentives Regional Incentives Investments Scale Investments Investments R&D
2000
2.061
1.640
2000
Corporate Tax
372 Reduction ✓ ✓ ✓ ✓ ✓ ✓
1640 1500
14% 1.241 VAT/Custom Duty ✓ ✓ ✓ ✓ ✓ ✓ ✓
215 1500 1423 Exemption
1241 Social Security Premium ✓ ✓ ✓ ✓ ✓ ✓
1175 Support
174 1000
1000 Income Tax Withholding
86% 916 Support ✓ ✓ ✓ ✓ ✓ ✓ ✓
1.688
1425 Interest Support ✓ ✓ ✓ ✓
367 500
1067 500 Land Allocation ✓ ✓ ✓ ✓ ✓
638
247 465 Partnership (Equity
325 ✓
120 Investment by Govt.)
0
0 Guarantee of Purchase
2020 2021 2022 2007 2020 2021 2022 ✓
by Govt.
Technology Development Product Development Energy Cost Support ✓
Financed by Incentives Financed by Equity
Financial Grant ✓
Source: SASAD, Higher Education Council, Ministry of Trade, Ministry of Science, Industry and Technology
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