{"id":1189,"date":"2025-06-10T16:05:09","date_gmt":"2025-06-10T16:05:09","guid":{"rendered":"https:\/\/zetunas.com\/?p=1189"},"modified":"2025-06-10T17:43:00","modified_gmt":"2025-06-10T17:43:00","slug":"1189","status":"publish","type":"post","link":"https:\/\/zetunas.com\/index.php\/2025\/06\/10\/1189\/","title":{"rendered":"Vergi \u0130ndirimi Deste\u011finden Vazge\u00e7, Faiz\/K\u00e2r Pay\u0131 Deste\u011fini Kap."},"content":{"rendered":"\n

<\/p>\n\n\n\n

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Faiz ve Kar Pay\u0131 Deste\u011fi\u00a0Mekanizmalar\u0131 ve\u00a0Yeni \u015eirketler\u00a0\u0130\u00e7in Stratejik Bir Se\u00e7enek<\/strong><\/p>\n\n\n\n

Yat\u0131r\u0131mlarda Devlet Yard\u0131mlar\u0131 Hakk\u0131nda Karar Kapsam\u0131nda Madde 20\/4 Analizi<\/strong><\/p>\n\n\n\n

Vergi \u0130ndirimi Deste\u011finden Vazge\u00e7,<\/strong><\/p>\n\n\n\n

Faiz\/K\u00e2r Pay\u0131 Deste\u011fini Kap.<\/strong><\/p>\n\n\n\n

Say\u0131sal \u00d6rneklerle<\/strong><\/p>\n\n\n\n

De\u011ferlendirme<\/strong><\/p>\n\n\n\n

Yat\u0131r\u0131mlar\u0131n te\u015fviki, ekonomik b\u00fcy\u00fcme, istihdam art\u0131\u015f\u0131 ve teknolojik geli\u015fimin temel dinamiklerindendir. T\u00fcrkiye’de bu ama\u00e7la sunulan devlet yard\u0131mlar\u0131, yat\u0131r\u0131mc\u0131lar i\u00e7in kritik bir rol oynamaktad\u0131r. 30 May\u0131s 2025 tarihli ve 32915 say\u0131l\u0131 Resm\u00ee Gazete \u2018de yay\u0131mlanan 9903 say\u0131l\u0131 Cumhurba\u015fkan\u0131 Karar\u0131 ile y\u00fcr\u00fcrl\u00fc\u011fe giren “Yat\u0131r\u0131mlarda Devlet Yard\u0131mlar\u0131 Hakk\u0131nda Karar”, bu desteklerin \u00e7er\u00e7evesini yeniden \u00e7izmektedir. Bu kararda \u00f6ne \u00e7\u0131kan destek unsurlar\u0131ndan biri de Faiz veya K\u00e2r Pay\u0131 Deste\u011fi<\/strong>dir. Bu \u00e7al\u0131\u015fma, Kararname’deki faiz deste\u011fi mekanizmalar\u0131n\u0131 genel hatlar\u0131yla \u00f6zetleyecek ve \u00f6zellikle yeni kurulan \u015firketler i\u00e7in Madde 20\/4’te sunulan alternatif destek imkan\u0131n\u0131 say\u0131sal \u00f6rneklerle analiz edecektir.<\/p>\n\n\n\n

A. Kararname Kapsam\u0131nda Genel Faiz veya K\u00e2r Pay\u0131 Deste\u011fi (Madde 15)<\/strong><\/p>\n\n\n\n

Kararname’nin 15. maddesi, faiz veya k\u00e2r pay\u0131 deste\u011finin temel \u00e7er\u00e7evesini belirlemektedir. Bu destek, yat\u0131r\u0131mc\u0131lar\u0131n bankalardan kullanacaklar\u0131 T\u00fcrk liras\u0131 cinsi en az bir y\u0131l vadeli yat\u0131r\u0131m kredilerinin faiz veya k\u00e2r pay\u0131 giderlerinin bir k\u0131sm\u0131n\u0131n Hazine ve Maliye Bakanl\u0131\u011f\u0131 taraf\u0131ndan kar\u015f\u0131lanmas\u0131n\u0131 ifade eder.<\/p>\n\n\n\n

Faiz\/K\u00e2r Pay\u0131 Deste\u011fi Unsurlar\u0131 (\u00d6zet Tablo)<\/strong><\/p>\n\n\n\n

Program \/ Yat\u0131r\u0131m T\u00fcr\u00fc<\/strong><\/td>Kredi Tutar\u0131 \u00dcst Limiti<\/strong>(Sabit Yat\u0131r\u0131m\u0131n %’si)<\/strong><\/td>Destek Oran\u0131<\/strong>(TCMB 1 Hafta Vadeli Repo Faiz Oran\u0131na G\u00f6re)<\/strong><\/td>Azami Destek Tutar\u0131 (TL)<\/strong><\/td>Azami S\u00fcre<\/strong><\/td><\/tr>
Teknoloji Hamlesi Program\u0131<\/strong><\/td>70%<\/td>20 puan\u0131 ge\u00e7memek \u00fczere %40’\u0131na tekab\u00fcl eden puan<\/td>240 Milyon TL<\/td>5 Y\u0131l<\/td><\/tr>
Yerel Kalk\u0131nma Hamlesi Program\u0131<\/strong><\/td>70%<\/td>20 puan\u0131 ge\u00e7memek \u00fczere %40’\u0131na tekab\u00fcl eden puan<\/td>240 Milyon TL<\/td>5 Y\u0131l<\/td><\/tr>
Stratejik Hamle Program\u0131<\/strong><\/td>70%<\/td>15 puan\u0131 ge\u00e7memek \u00fczere %30’una tekab\u00fcl eden puan<\/td>180 Milyon TL<\/td>5 Y\u0131l<\/td><\/tr>
\u00d6ncelikli Yat\u0131r\u0131mlar<\/strong><\/td>70%<\/td>12,5 puan\u0131 ge\u00e7memek \u00fczere %25’ine tekab\u00fcl eden puan<\/td>24 Milyon TL<\/td>5 Y\u0131l<\/td><\/tr>
Hedef Yat\u0131r\u0131mlar<\/strong>(4., 5. ve 6. B\u00f6lgelerde)<\/strong><\/td>70%<\/td>12,5 puan\u0131 ge\u00e7memek \u00fczere %25’ine tekab\u00fcl eden puan<\/td>12 Milyon TL<\/td>5 Y\u0131l<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u00d6nemli Notlar (Madde 15):<\/strong><\/p>\n\n\n\n

    \n
  • Kredi Kullan\u0131m Tarihi:<\/strong> Destek hesaplamas\u0131nda, kredinin kullan\u0131ld\u0131\u011f\u0131 tarihteki TCMB 1 hafta vadeli repo faiz oran\u0131 esas al\u0131n\u0131r.<\/li>\n\n\n\n
  • D\u00f6viz Kredileri:<\/strong> D\u00f6viz kredilerinde faiz veya k\u00e2r pay\u0131 oran\u0131n\u0131n %50’si a\u015f\u0131lmamak kayd\u0131yla, TL kredileri i\u00e7in belirlenen puanlardan (a) ve (b) bentleri i\u00e7in 2 puan, (c) ve (\u00e7) bentleri i\u00e7in 1 puan d\u00fc\u015f\u00fclerek uygulan\u0131r.<\/li>\n\n\n\n
  • Finansal Kiralama:<\/strong> Finansal kiralama yoluyla yap\u0131lacak yat\u0131r\u0131mlar i\u00e7in de ayn\u0131 \u015fartlarda faiz\/k\u00e2r pay\u0131 deste\u011fi \u00f6ng\u00f6r\u00fclebilir.<\/li>\n<\/ul>\n\n\n\n

    B. Faiz ve K\u00e2r pay\u0131 Deste\u011finin K\u0131s\u0131tlamalar\u0131 (Yararlanamama Durumlar\u0131)<\/strong><\/p>\n\n\n\n

    \u00d6ncelikle, bu maddelerdeki temel ama\u00e7, baz\u0131 \u00f6zel durumlar i\u00e7in faiz\/k\u00e2r pay\u0131 deste\u011fini k\u0131s\u0131tlamak veya ba\u015fka bir destek t\u00fcr\u00fcyle (\u00f6rne\u011fin makine deste\u011fi) \u00e7ifte faydalanmay\u0131 engellemektir.<\/p>\n\n\n\n

    B.1. “Madde 9\/2 ve 9\/1(e) kapsam\u0131nda enerji \u00fcretimi yat\u0131r\u0131mlar\u0131 faiz deste\u011finden yararlanamaz.”<\/strong><\/p>\n\n\n\n

      \n
    • Madde 9:<\/strong> \u00d6ncelikli Yat\u0131r\u0131mlar Te\u015fvik Sistemi\u2019ni d\u00fczenler.<\/li>\n\n\n\n
    • Madde 9\/1(e):<\/strong> Bu bent, “imalat sanayii i\u015fletmelerinin \u00f6z t\u00fcketimine y\u00f6nelik” olarak yap\u0131lacak, ba\u011flant\u0131 anla\u015fmas\u0131ndaki s\u00f6zle\u015fme g\u00fcc\u00fcyle s\u0131n\u0131rl\u0131 g\u00fcne\u015f ve r\u00fczg\u00e2r enerjisine dayal\u0131 elektrik \u00fcretim tesisi yat\u0131r\u0131mlar\u0131n\u0131 <\/strong>\u00f6ncelikli yat\u0131r\u0131m olarak tan\u0131mlar.<\/li>\n\n\n\n
    • Madde 9\/2:<\/strong> \u0130\u015fte bu madde der ki; “Birinci f\u0131kran\u0131n (e) bendi kapsam\u0131nda yap\u0131lan yat\u0131r\u0131mlara faiz veya k\u00e2r pay\u0131 deste\u011fi sa\u011flanmaz.”<\/em><\/li>\n<\/ul>\n\n\n\n

      Yani, \u00f6zetle:<\/strong> E\u011fer bir imalat sanayi i\u015fletmesi, sadece kendi ihtiyac\u0131n\u0131 kar\u015f\u0131lamak amac\u0131yla (\u00f6z t\u00fcketim)<\/strong> ve bu ama\u00e7la yapt\u0131\u011f\u0131 ba\u011flant\u0131 anla\u015fmas\u0131ndaki g\u00fc\u00e7le s\u0131n\u0131rl\u0131 kalmak kayd\u0131yla, g\u00fcne\u015f veya r\u00fczg\u00e2r enerjisinden elektrik \u00fcretecek bir tesis yat\u0131r\u0131m\u0131 yap\u0131yorsa ve bu yat\u0131r\u0131m “\u00d6ncelikli Yat\u0131r\u0131mlar Te\u015fvik Sistemi” kapsam\u0131nda de\u011ferlendiriliyorsa, bu yat\u0131r\u0131m\u0131 i\u00e7in faiz veya k\u00e2r pay\u0131 deste\u011fi alamaz.<\/strong><\/p>\n\n\n\n

      Buradaki mant\u0131k, bu t\u00fcr \u00f6z t\u00fcketime y\u00f6nelik yenilenebilir enerji yat\u0131r\u0131mlar\u0131n\u0131n zaten “\u00d6ncelikli Yat\u0131r\u0131m” olarak tan\u0131mlan\u0131p di\u011fer desteklerden (\u00f6rne\u011fin KDV istisnas\u0131, g\u00fcmr\u00fck vergisi muafiyeti, vergi indirimi vb.) faydalanmas\u0131n\u0131n yeterli g\u00f6r\u00fclmesi olabilir.<\/p>\n\n\n\n

      B.2. “Madde 10\/3’te belirtilen baz\u0131 enerji ve \u0130stanbul’daki yat\u0131r\u0131mlar faiz deste\u011finden yararlanamaz.”<\/strong><\/p>\n\n\n\n

        \n
      • Madde 10:<\/strong> Hedef Yat\u0131r\u0131mlar Te\u015fvik Sistemi\u2019ni d\u00fczenler.<\/li>\n\n\n\n
      • Madde 10\/3:<\/strong> Bu madde iki \u00f6nemli k\u0131s\u0131tlama getirir:
        • B\u00f6lgesel K\u0131s\u0131tlama:<\/strong> Hedef Yat\u0131r\u0131mlar Te\u015fvik Sistemi kapsam\u0131nda faiz veya k\u00e2r pay\u0131 deste\u011fi sadece 4., 5. ve 6. b\u00f6lgelerde<\/strong> ger\u00e7ekle\u015ftirilecek yat\u0131r\u0131mlara sa\u011flan\u0131r. Yani 1., 2. ve 3. b\u00f6lgelerdeki hedef yat\u0131r\u0131mlar bu destekten faydalanamaz.<\/li><\/ul>
          • Enerji Yat\u0131r\u0131mlar\u0131 K\u0131s\u0131tlamas\u0131:<\/strong> Yukar\u0131daki b\u00f6lgesel k\u0131s\u0131tlama ge\u00e7erli olsa bile (yani yat\u0131r\u0131m 4., 5. veya 6. b\u00f6lgede olsa dahi)<\/em> a\u015fa\u011f\u0131daki enerji yat\u0131r\u0131mlar\u0131 faiz veya k\u00e2r pay\u0131 deste\u011finden yararlanamaz<\/strong>:
            • Elektrik \u00fcretimi yat\u0131r\u0131mlar\u0131<\/li><\/ul>
              • Elektrik enerjisi da\u011f\u0131t\u0131m yat\u0131r\u0131mlar\u0131<\/li><\/ul>
                • Elektrik enerjisi depolama yat\u0131r\u0131mlar\u0131<\/li><\/ul>
                  • Ana \u015febeke \u00fczerinden gaz yak\u0131tlar\u0131n da\u011f\u0131t\u0131m\u0131 konusundaki yat\u0131r\u0131mlar<\/li><\/ul><\/li><\/ul>\n
                      \n
                    • \u0130stanbul K\u0131s\u0131tlamas\u0131 (Madde 10\/2’den gelir):<\/strong> Madde 10\/2 ayr\u0131ca der ki; “\u0130stanbul ilinde ger\u00e7ekle\u015ftirilecek yat\u0131r\u0131mlar vergi indirimi deste\u011finden yararlanamaz.”<\/em> Dolay\u0131s\u0131yla, Madde 10\/3’teki faiz deste\u011fi de \u0130stanbul i\u00e7in ge\u00e7erli olmaz, \u00e7\u00fcnk\u00fc Hedef Yat\u0131r\u0131mlar zaten \u0130stanbul’da vergi indiriminden yararlanamad\u0131\u011f\u0131 i\u00e7in faiz deste\u011fi de s\u00f6z konusu olmaz.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n

                      Yani, \u00f6zetle:<\/strong> “Hedef Yat\u0131r\u0131mlar\u201d Te\u015fvik Sistemi\u2019ndeyseniz;<\/p>\n\n\n\n

                        \n
                      • Yat\u0131r\u0131m\u0131n\u0131z 1., 2. veya 3. b\u00f6lgedeyse zaten faiz deste\u011fi yok.
                        • Yat\u0131r\u0131m\u0131n\u0131z \u0130stanbul’daysa zaten faiz deste\u011fi yok.<\/li><\/ul>\n
                            \n
                          • Yat\u0131r\u0131m\u0131n\u0131z 4., 5. veya 6. b\u00f6lgedeyse ve elektrik \u00fcretimi, da\u011f\u0131t\u0131m\u0131, depolamas\u0131 veya ana \u015febekeden gaz da\u011f\u0131t\u0131m\u0131<\/strong> ile ilgili bir yat\u0131r\u0131msa, yine faiz deste\u011fi alamazs\u0131n\u0131z.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n

                            B.3. “Madde 16\/3 uyar\u0131nca makine deste\u011finden faydalanan yat\u0131r\u0131mlar faiz deste\u011finden faydalanamaz.”<\/strong><\/p>\n\n\n\n

                              \n
                            • Madde 16:<\/strong> Makine deste\u011fini d\u00fczenler. Bu destek, T\u00fcrkiye Y\u00fczy\u0131l\u0131 Kalk\u0131nma Hamlesi kapsam\u0131ndaki yat\u0131r\u0131mlar i\u00e7in, yat\u0131r\u0131m s\u00fcresi i\u00e7inde temin edilen ve birim fiyat\u0131 2 Milyon TL \u00fczerindeki makinelerin bedelinin %25’inin b\u00fct\u00e7eden \u00f6denmesidir.<\/li>\n\n\n\n
                            • Madde 16\/3:<\/strong> Bu madde \u00e7ok nettir: “Makine deste\u011finden faydaland\u0131r\u0131lan yat\u0131r\u0131mlara faiz veya k\u00e2r pay\u0131 deste\u011fi sa\u011flanmaz.”<\/em><\/li>\n<\/ul>\n\n\n\n

                              Yani, \u00f6zetle:<\/strong> E\u011fer yat\u0131r\u0131m\u0131n\u0131z i\u00e7in Kararname’nin 16. maddesi kapsam\u0131nda “Makine Deste\u011fi” almay\u0131 tercih ettiyseniz veya ald\u0131ysan\u0131z, ayn\u0131 yat\u0131r\u0131m i\u00e7in ayr\u0131ca “Faiz veya K\u00e2r Pay\u0131 Deste\u011fi” alamazs\u0131n\u0131z.<\/strong><\/p>\n\n\n\n

                              Burada yat\u0131r\u0131mc\u0131ya bir se\u00e7im sunulmaktad\u0131r: Ya makine al\u0131m maliyetinin bir k\u0131sm\u0131n\u0131 do\u011frudan b\u00fct\u00e7eden geri alacak (makine deste\u011fi) ya da kulland\u0131\u011f\u0131 yat\u0131r\u0131m kredisinin faiz\/k\u00e2r pay\u0131 y\u00fck\u00fcn\u00fc hafifletecek (faiz\/k\u00e2r pay\u0131 deste\u011fi). \u0130kisi bir arada olmaz.<\/p>\n\n\n\n

                              C. Yeni Kurulan \u015eirketler \u0130\u00e7in Stratejik Bir Alternatif: Madde 20\/4<\/strong><\/p>\n\n\n\n

                              Kararname’nin 20. maddesi “Vergi \u0130ndirimi” deste\u011fini d\u00fczenlemektedir. Ancak bu maddenin 4. f\u0131kras\u0131, \u00f6zellikle yeni kurulan ve hen\u00fcz k\u00e2rl\u0131l\u0131klar\u0131 vergi indiriminden tam anlam\u0131yla faydalanmaya elveri\u015fli olmayan firmalar i\u00e7in \u00e7ok de\u011ferli bir alternatif sunmaktad\u0131r:<\/p>\n\n\n\n

                              (Madde 20\/4):<\/strong> “Firma tescil tarihi<\/strong> te\u015fvik belgesi d\u00fczenlenmesi i\u00e7in yap\u0131lan m\u00fcracaat tarihinden en fazla bir y\u0131l \u00f6ncesinde olan yat\u0131r\u0131mc\u0131lar<\/strong>, talep etmeleri halinde vergi indirimi deste\u011finden faydalanmamak kayd\u0131yla<\/strong>;<\/em><\/p>\n\n\n\n

                              a) T\u00fcrkiye Y\u00fczy\u0131l\u0131 Kalk\u0131nma Hamlesi kapsam\u0131nda desteklenmesine karar verilen komple yeni yat\u0131r\u0131mlarda, faiz veya k\u00e2r pay\u0131 deste\u011fi ya da makine deste\u011fi i\u00e7in belirlenmi\u015f olan deste\u011fin sabit yat\u0131r\u0131ma oran\u0131na 5 puan ve azami tutara 60 Milyon TL eklenmek suretiyle,<\/p>\n\n\n\n

                              b) \u00d6ncelikli Yat\u0131r\u0131mlar Te\u015fvik Sistemi kapsam\u0131nda desteklenmesine karar verilen komple yeni yat\u0131r\u0131mlarda, faiz veya k\u00e2r pay\u0131 deste\u011fi i\u00e7in belirlenmi\u015f olan deste\u011fin sabit yat\u0131r\u0131ma oran\u0131na 2 puan ve azami tutara 6 Milyon TL eklenmek suretiyle,<\/p>\n\n\n\n

                              c) Hedef Yat\u0131r\u0131mlar Te\u015fvik Sistemi kapsam\u0131nda desteklenmesine karar verilen komple yeni yat\u0131r\u0131mlarda, faiz veya k\u00e2r pay\u0131 deste\u011fi i\u00e7in belirlenmi\u015f olan deste\u011fin sabit yat\u0131r\u0131ma oran\u0131na 2 puan ve azami tutara 2 Milyon 400 Bin TL eklenmek suretiyle, faydalanabilir.”<\/p>\n\n\n\n

                              Bu d\u00fczenleme, tescil tarihi te\u015fvik belgesi ba\u015fvuru tarihinden en fazla 1 y\u0131l \u00f6nce olan<\/strong> yat\u0131r\u0131mc\u0131lara, vergi indirimi deste\u011finden vazge\u00e7meleri ko\u015fuluyla, faiz\/k\u00e2r pay\u0131 deste\u011finde (veya makine deste\u011finde) hem oransal hem de tutarsal bir art\u0131\u015f<\/strong> imk\u00e2n\u0131 tan\u0131maktad\u0131r. Bu, \u00f6zellikle ilk y\u0131llar\u0131nda y\u00fcksek k\u00e2r beklemeyen, ancak finansman maliyetlerini d\u00fc\u015f\u00fcrmeye ve nakit ak\u0131\u015f\u0131n\u0131 g\u00fc\u00e7lendirmeye ihtiya\u00e7 duyan yeni giri\u015fimler i\u00e7in cazip bir se\u00e7enektir.<\/p>\n\n\n\n

                              D. Say\u0131sal \u00d6rneklerle Madde 20\/4’\u00fcn Analizi:<\/strong><\/p>\n\n\n\n

                              Senaryo 1: T\u00fcrkiye Y\u00fczy\u0131l\u0131 Kalk\u0131nma Hamlesi (Teknoloji veya Yerel Kalk\u0131nma Program\u0131)<\/strong><\/p>\n\n\n\n

                                \n
                              • Yat\u0131r\u0131mc\u0131 Profili:<\/strong> Tescil tarihi 10 ay \u00f6nce olan yeni bir teknoloji \u015firketi.<\/li>\n\n\n\n
                              • Sabit Yat\u0131r\u0131m Tutar\u0131:<\/strong> 1 Milyar TL<\/li>\n\n\n\n
                              • Kullan\u0131lacak Kredi (Sabit yat\u0131r\u0131m\u0131n %70’i):<\/strong> 700 Milyon TL<\/li>\n\n\n\n
                              • Standart Faiz\/K\u00e2r Pay\u0131 Deste\u011fi (Madde 15\/3-a):<\/strong>\n
                                  \n
                                • Destek tutar\u0131, sabit yat\u0131r\u0131m tutar\u0131n\u0131n %20’sini<\/strong><\/li>\n\n\n\n
                                • (1 Milyar TL * %20 = 200 Milyon TL) a\u015famaz.<\/li>\n\n\n\n
                                • Azami destek tutar\u0131 240 Milyon TL<\/strong>‘dir.<\/li>\n\n\n\n
                                • Maksimum faydalan\u0131labilecek destek: 200 Milyon TL<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
                                • Art\u0131r\u0131lm\u0131\u015f Faiz\/K\u00e2r Pay\u0131 Deste\u011fi (Madde 20\/4-a ile Vergi \u0130ndiriminden Vazge\u00e7ilerek):<\/strong>\n
                                    \n
                                  • Deste\u011fin sabit yat\u0131r\u0131ma oran\u0131 5 puan art\u0131r\u0131l\u0131r<\/strong>: %20 + 5 puan = %25<\/strong>.<\/li>\n\n\n\n
                                  • Azami destek tutar\u0131 60 Milyon TL art\u0131r\u0131l\u0131r<\/strong>:<\/li>\n\n\n\n
                                  • 240 Milyon TL + 60 Milyon TL = 300 Milyon TL<\/strong>.<\/li>\n\n\n\n
                                  • Hesaplanan destek: Sabit yat\u0131r\u0131m tutar\u0131n\u0131n %25’i<\/li>\n\n\n\n
                                  • (1 Milyar TL * %25 = 250 Milyon TL).<\/li>\n\n\n\n
                                  • Bu tutar, art\u0131r\u0131lm\u0131\u015f azami s\u0131n\u0131r olan 300 Milyon TL’den d\u00fc\u015f\u00fckt\u00fcr.<\/li>\n\n\n\n
                                  • Maksimum faydalan\u0131labilecek destek: 250 Milyon TL<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n

                                    Fark:<\/strong> Vergi indiriminden vazge\u00e7en yeni \u015firket, 50 Milyon TL daha fazla<\/strong> faiz deste\u011fi alma potansiyeline sahip olur.<\/p>\n\n\n\n

                                    Senaryo 2: \u00d6ncelikli Yat\u0131r\u0131mlar Te\u015fvik Sistemi<\/strong><\/p>\n\n\n\n

                                      \n
                                    • Yat\u0131r\u0131mc\u0131 Profili:<\/strong> Tescil tarihi 6 ay \u00f6nce olan, \u00f6ncelikli bir alanda yat\u0131r\u0131m yapan yeni bir imalat \u015firketi.<\/li>\n\n\n\n
                                    • Sabit Yat\u0131r\u0131m Tutar\u0131:<\/strong> 100 Milyon TL<\/li>\n\n\n\n
                                    • Kullan\u0131lacak Kredi (Sabit yat\u0131r\u0131m\u0131n %70’i):<\/strong> 70 Milyon TL<\/li>\n\n\n\n
                                    • Standart Faiz\/K\u00e2r Pay\u0131 Deste\u011fi (Madde 15\/3-c):<\/strong>\n
                                        \n
                                      • Destek tutar\u0131, sabit yat\u0131r\u0131m tutar\u0131n\u0131n %10’unu<\/strong><\/li>\n\n\n\n
                                      • (100 Milyon TL * %10 = 10 Milyon TL) a\u015famaz.<\/li>\n\n\n\n
                                      • Azami destek tutar\u0131 24 Milyon TL<\/strong>‘dir.<\/li>\n\n\n\n
                                      • Maksimum faydalan\u0131labilecek destek: 10 Milyon TL<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
                                      • Art\u0131r\u0131lm\u0131\u015f Faiz\/K\u00e2r Pay\u0131 Deste\u011fi (Madde 20\/4-b ile Vergi \u0130ndiriminden Vazge\u00e7ilerek):<\/strong>\n
                                          \n
                                        • Deste\u011fin sabit yat\u0131r\u0131ma oran\u0131 2 puan art\u0131r\u0131l\u0131r<\/strong>: %10 + 2 puan = %12<\/strong>.<\/li>\n\n\n\n
                                        • Azami destek tutar\u0131 6 Milyon TL art\u0131r\u0131l\u0131r<\/strong>:<\/li>\n\n\n\n
                                        • 24 Milyon TL + 6 Milyon TL = 30 Milyon TL<\/strong>.<\/li>\n\n\n\n
                                        • Hesaplanan destek: Sabit yat\u0131r\u0131m tutar\u0131n\u0131n %12’si<\/li>\n\n\n\n
                                        • (100 Milyon TL * %12 = 12 Milyon TL).<\/li>\n\n\n\n
                                        • Bu tutar, art\u0131r\u0131lm\u0131\u015f azami s\u0131n\u0131r olan 30 Milyon TL’den d\u00fc\u015f\u00fckt\u00fcr.<\/li>\n\n\n\n
                                        • Maksimum faydalan\u0131labilecek destek: 12 Milyon TL<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n

                                          Fark:<\/strong> Vergi indiriminden vazge\u00e7en yeni \u015firket, 2 Milyon TL daha fazla<\/strong> faiz deste\u011fi alma potansiyeline sahip olur.<\/p>\n\n\n\n

                                          Senaryo 3: Hedef Yat\u0131r\u0131mlar Te\u015fvik Sistemi (\u00d6rne\u011fin 4. B\u00f6lgede)<\/strong><\/p>\n\n\n\n

                                            \n
                                          • Yat\u0131r\u0131mc\u0131 Profili:<\/strong> Tescil tarihi 3 ay \u00f6nce olan, 4. b\u00f6lgede hedef bir yat\u0131r\u0131m yapan yeni bir \u015firket.<\/li>\n\n\n\n
                                          • Sabit Yat\u0131r\u0131m Tutar\u0131:<\/strong> 50 Milyon TL<\/li>\n\n\n\n
                                          • Kullan\u0131lacak Kredi (Sabit yat\u0131r\u0131m\u0131n %70’i):<\/strong> 35 Milyon TL<\/li>\n\n\n\n
                                          • Standart Faiz\/K\u00e2r Pay\u0131 Deste\u011fi (Madde 15\/3-\u00e7):<\/strong>\n
                                              \n
                                            • Destek tutar\u0131, sabit yat\u0131r\u0131m tutar\u0131n\u0131n %10’unu<\/strong><\/li>\n\n\n\n
                                            • (50 Milyon TL * %10 = 5 Milyon TL) a\u015famaz.<\/li>\n\n\n\n
                                            • Azami destek tutar\u0131 12 Milyon TL<\/strong>‘dir.<\/li>\n\n\n\n
                                            • Maksimum faydalan\u0131labilecek destek: 5 Milyon TL<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
                                            • Art\u0131r\u0131lm\u0131\u015f Faiz\/K\u00e2r Pay\u0131 Deste\u011fi (Madde 20\/4-c ile Vergi \u0130ndiriminden Vazge\u00e7ilerek):<\/strong>\n
                                                \n
                                              • Deste\u011fin sabit yat\u0131r\u0131ma oran\u0131 2 puan art\u0131r\u0131l\u0131r<\/strong>: %10 + 2 puan = %12<\/strong>.<\/li>\n\n\n\n
                                              • Azami destek tutar\u0131 2.4 Milyon TL art\u0131r\u0131l\u0131r<\/strong>: 12 Milyon TL + 2.4 Milyon TL = 14.4 Milyon TL<\/strong>.<\/li>\n\n\n\n
                                              • Hesaplanan destek: Sabit yat\u0131r\u0131m tutar\u0131n\u0131n %12’si<\/li>\n\n\n\n
                                              • (50 Milyon TL * %12 = 6 Milyon TL).<\/li>\n\n\n\n
                                              • Bu tutar, art\u0131r\u0131lm\u0131\u015f azami s\u0131n\u0131r olan 14.4 Milyon TL’den d\u00fc\u015f\u00fckt\u00fcr.<\/li>\n\n\n\n
                                              • Maksimum faydalan\u0131labilecek destek: 6 Milyon TL<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n

                                                Fark:<\/strong> Vergi indiriminden vazge\u00e7en yeni \u015firket, 1 Milyon TL daha fazla<\/strong> faiz deste\u011fi alma potansiyeline sahip olur.<\/p>\n\n\n\n

                                                E. Stratejik De\u011ferlendirme:<\/strong><\/p>\n\n\n\n

                                                Madde 20\/4’teki bu se\u00e7enek, yeni kurulan \u015firketler i\u00e7in \u00f6nemli bir stratejik karar noktas\u0131 sunar:<\/p>\n\n\n\n

                                                  \n
                                                1. Nakit Ak\u0131\u015f\u0131 ve Finansman Maliyeti:<\/strong> Yeni \u015firketler genellikle ilk y\u0131llar\u0131nda k\u00e2rl\u0131l\u0131k elde etmekte zorlanabilir veya k\u00e2rlar\u0131n\u0131 yeniden yat\u0131r\u0131ma y\u00f6nlendirebilirler. Bu durumda, vergi indirimi yerine daha y\u00fcksek bir faiz deste\u011fi almak, finansman maliyetlerini do\u011frudan d\u00fc\u015f\u00fcrerek nakit ak\u0131\u015f\u0131n\u0131 \u00f6nemli \u00f6l\u00e7\u00fcde rahatlatabilir.<\/li>\n\n\n\n
                                                2. Belirsizlik Y\u00f6netimi:<\/strong> Yat\u0131r\u0131m\u0131n ilk y\u0131llar\u0131ndaki k\u00e2rl\u0131l\u0131k belirsizli\u011fi, vergi indiriminin etkinli\u011fini azaltabilir. Faiz deste\u011fi ise daha \u00f6ng\u00f6r\u00fclebilir ve do\u011frudan bir fayda sa\u011flar.<\/li>\n\n\n\n
                                                3. Yat\u0131r\u0131m\u0131n \u00d6nceliklendirilmesi:<\/strong> E\u011fer yat\u0131r\u0131mc\u0131n\u0131n \u00f6nceli\u011fi ilk y\u0131llarda finansman y\u00fck\u00fcn\u00fc hafifletmek ise, bu se\u00e7enek \u00e7ok daha avantajl\u0131 olabilir.<\/li>\n<\/ol>\n\n\n\n

                                                  F. Sonu\u00e7<\/strong><\/p>\n\n\n\n

                                                  Yat\u0131r\u0131mlarda Devlet Yard\u0131mlar\u0131 Hakk\u0131nda Karar, faiz veya k\u00e2r pay\u0131 deste\u011fi ile yat\u0131r\u0131mc\u0131lara \u00f6nemli bir finansman kolayl\u0131\u011f\u0131 sunarken, belirli yat\u0131r\u0131m t\u00fcrleri ve durumlar i\u00e7in k\u0131s\u0131tlamalar da getirmektedir. Yat\u0131r\u0131mc\u0131lar\u0131n bu k\u0131s\u0131tlamalar\u0131 dikkatle incelemesi gerekmektedir.<\/p>\n\n\n\n

                                                  Bununla birlikte, Kararname’nin Madde 20\/4’\u00fc ile getirilen yenilik\u00e7i d\u00fczenleme, \u00f6zellikle faaliyetinin ilk y\u0131l\u0131nda olan (tescil tarihi te\u015fvik belgesi ba\u015fvurusundan en fazla bir y\u0131l \u00f6ncesine dayanan) yeni \u015firketlere<\/strong>, vergi indirimi deste\u011finden feragat etmeleri ko\u015fuluyla, daha avantajl\u0131 oran ve tutarlarda faiz\/k\u00e2r pay\u0131 (veya alternatif olarak makine) deste\u011fi alma imk\u00e2n\u0131 sunmaktad\u0131r. <\/p>\n\n\n\n

                                                  Bu, s\u00f6z konusu \u015firketlerin yat\u0131r\u0131m\u0131n erken ve kritik a\u015famalar\u0131ndaki finansman ihtiya\u00e7lar\u0131n\u0131 daha etkin bir \u015fekilde y\u00f6netmelerine, projelerini daha sa\u011flam bir mali temel \u00fczerine oturtmalar\u0131na ve erken d\u00f6nem b\u00fcy\u00fcme stratejilerini desteklemelerine olanak tan\u0131yacak stratejik bir esnekliktir. <\/p>\n\n\n\n

                                                  Her yat\u0131r\u0131mc\u0131n\u0131n, kendi i\u015fletmesinin \u00f6zel ko\u015fullar\u0131, gelecek projeksiyonlar\u0131 ve risk tolerans\u0131n\u0131 dikkate alarak, Kararname’de sunulan destek alternatifleri aras\u0131nda en uygun olan\u0131 se\u00e7mesi b\u00fcy\u00fck \u00f6nem ta\u015f\u0131maktad\u0131r.<\/p>\n\n\n\n

                                                  Sayg\u0131lar\u0131m\u0131zla.<\/strong><\/p>\n\n\n\n

                                                  <\/p>\n","protected":false},"excerpt":{"rendered":"

                                                  Faiz ve Kar Pay\u0131 Deste\u011fi\u00a0Mekanizmalar\u0131 ve\u00a0Yeni \u015eirketler\u00a0\u0130\u00e7in Stratejik Bir Se\u00e7enek Yat\u0131r\u0131mlarda Devlet Yard\u0131mlar\u0131 Hakk\u0131nda Karar Kapsam\u0131nda Madde 20\/4 Analizi Vergi \u0130ndirimi Deste\u011finden Vazge\u00e7, Faiz\/K\u00e2r Pay\u0131 Deste\u011fini Kap. Say\u0131sal \u00d6rneklerle De\u011ferlendirme Yat\u0131r\u0131mlar\u0131n te\u015fviki, ekonomik b\u00fcy\u00fcme, istihdam art\u0131\u015f\u0131 ve teknolojik geli\u015fimin temel dinamiklerindendir. T\u00fcrkiye’de bu ama\u00e7la sunulan devlet yard\u0131mlar\u0131, yat\u0131r\u0131mc\u0131lar i\u00e7in kritik bir rol oynamaktad\u0131r. 30 May\u0131s […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[23,27,26,25,24],"class_list":["post-1189","post","type-post","status-publish","format-standard","hentry","category-mevzuat","tag-faiz-ve-kar-payi-destegi","tag-faiz-kar-payi-destegini-kap","tag-vergi-indirimi-desteginden-vazgec","tag-yatirimlarda-devlet-yardimlari-hakkinda-karar","tag-yeni-sirketler"],"_links":{"self":[{"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/posts\/1189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/comments?post=1189"}],"version-history":[{"count":3,"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/posts\/1189\/revisions"}],"predecessor-version":[{"id":1250,"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/posts\/1189\/revisions\/1250"}],"wp:attachment":[{"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/media?parent=1189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/categories?post=1189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/tags?post=1189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}