Ministerial Decree No. 106688 was published in the Official Gazette on 14th October 2016 regarding the determination of the maximum amount of aid per investment project tendered in 2016 under the new investment law. This decree refers Mechanical Equipment Aid, General Entrepreneurship, New Independent SMEs, and major investments. In accordance with article 1 of the decree, Mechanical Equipment Aid projects get the maximum EUR 150 million amount of aid taking the form of a tax exemption, maximum EUR 80 million amount is allotted for General Entrepreneurship projects and maximum EUR 50 million is determined for New Independent SMEs. Note that, the total tax exemption in combination with the benefit of the stable tax rate must not exceed EUR 100 million per project. On the other hand, other types of aid like subsidies corresponding to a sum of money to cover part of the subsidized expenditure of the investment, the leasing subsidy for the acquisition of new machinery and/or other equipment and the subsidies for employment costs, the maximum EUR 70 million amount is allotted for General Entrepreneurship projects and maximum EUR 100 million amount is fixed for New Independent SMEs projects.
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