Burçelik's Investment Incentive Certificate Approved

Foreks - Burçelik's investment incentive certificate for a fixed investment amounting to 21.62 million TL has been approved.

In a statement made to KAP, the company said, "Our application for an incentive certificate, made in accordance with the Cabinet Decision on State Aid in Investments, has been approved by the Republic of Turkey Ministry of Industry and Technology. The approved incentive certificate, numbered 575536 and dated 29.12.2024, has a total fixed investment amount of 21,624,393 TL, and the certificate's expiration date is 29/11/2027."

The statement provided the following information: "Under the Incentive Certificate; a tax reduction of 70% (Investment Contribution Rate 30%), VAT exemption, employer's share of social security premium, and interest support will be utilized. The investment will involve acquiring new technological machines at our Machinery and Machining factory located at Fethiye OSB Sarı Cad. N21."