{"id":1301,"date":"2025-06-26T10:25:49","date_gmt":"2025-06-26T10:25:49","guid":{"rendered":"https:\/\/zetunas.com\/?p=1301"},"modified":"2025-06-26T10:25:49","modified_gmt":"2025-06-26T10:25:49","slug":"sabit-kiymetlerin-kiralanmasi-atil-kapasite-finansman-ve-kontrol-mekanizmalari","status":"publish","type":"post","link":"https:\/\/zetunas.com\/index.php\/2025\/06\/26\/sabit-kiymetlerin-kiralanmasi-atil-kapasite-finansman-ve-kontrol-mekanizmalari\/","title":{"rendered":"Sabit K\u0131ymetlerin Kiralanmas\u0131\u00a0(\u00c2t\u0131l Kapasite, Finansman ve Kontrol Mekanizmalar\u0131)"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"832\" src=\"https:\/\/zetunas.com\/wp-content\/uploads\/2025\/06\/Sabit-Kiymetlerin-Kiralanmasi.-geri-alinmak-uzere-makinelerin-odunc-verilmesi-1024x832.jpg\" alt=\"\" class=\"wp-image-1302\"\/><\/figure>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-fa304764047f2e031c70ecd2e009e4f8\"><strong>Giri\u015f: Te\u015fvikli Varl\u0131klar\u0131 Ba\u015fkas\u0131na Kulland\u0131rma Sanat\u0131<\/strong><strong><\/strong><\/p>\n\n\n\n<p>Bir yat\u0131r\u0131mc\u0131, te\u015fvik belgesiyle vergi avantajlar\u0131 sa\u011flayarak ald\u0131\u011f\u0131 milyonlarca liral\u0131k bir makineyi, ba\u015fka bir firmaya kiraya verebilir mi? Veya finansman sa\u011flamak i\u00e7in kendi makinesini bir finans \u015firketine sat\u0131p ondan geri kiralayabilir mi? Madde 27, bu t\u00fcr karma\u015f\u0131k ve modern i\u015f modellerinin te\u015fvik sistemi i\u00e7indeki yerini ve kurallar\u0131n\u0131 belirler. Bu madde, yat\u0131r\u0131mc\u0131ya esneklik sunarken, devletin de &#8220;yat\u0131r\u0131m amac\u0131na uygun kullan\u0131m&#8221; ilkesini s\u0131k\u0131 bir \u015fekilde denetlemesini sa\u011flar.<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-79852fab86b1e626c9f3c44b0451481b\"><strong>B\u00f6l\u00fcm 1: Maddenin F\u0131kra F\u0131kra Analizi ve Pratik Anlamlar\u0131<\/strong><\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-3306d8f8a5b5e5040917e674064f2bf6\"><strong>(1) Ba\u015fka Yat\u0131r\u0131mc\u0131ya Kiralama (\u00dcretim \u015eart\u0131yla)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Ne Diyor?<\/strong>\u00a0Te\u015fvikle al\u0131nan makine ve te\u00e7hizat\u0131n, kirac\u0131 taraf\u0131ndan yine &#8220;<strong>\u00fcretilecek mal veya hizmetlerin te\u015fvik belgesi sahibi yat\u0131r\u0131mc\u0131 taraf\u0131ndan sat\u0131n al\u0131nmas\u0131 ko\u015fuluyla<\/strong>&#8221;\u00a0kiralanmas\u0131 veya \u00fccretsiz olarak ge\u00e7ici verilmesi\u00a0Bakanl\u0131\u011f\u0131n iznine tabidir.<\/li>\n\n\n\n<li><strong>Pratik Anlam\u0131: &#8220;Fason \u00dcretim Modeli&#8221;<\/strong>\n<ul class=\"wp-block-list\">\n<li>Bu, klasik bir fason \u00fcretim modelidir. Ana yat\u0131r\u0131mc\u0131 (A Firmas\u0131), te\u015fvikle ald\u0131\u011f\u0131 \u00f6zel bir makineyi, uzmanl\u0131\u011f\u0131 olan daha k\u00fc\u00e7\u00fck bir firmaya (B Firmas\u0131- Fasoncu) kiraya verir.<\/li>\n\n\n\n<li><strong>Kilit \u015eart:<\/strong>\u00a0B Firmas\u0131&#8217;n\u0131n bu makineyle \u00fcretti\u011fi\u00a0t\u00fcm \u00fcr\u00fcnleri, piyasaya de\u011fil, makineyi kiralayan A Firmas\u0131&#8217;na geri satmas\u0131 zorunludur.<\/li>\n\n\n\n<li><strong>Ama\u00e7:<\/strong>\u00a0A Firmas\u0131 hem kendi yat\u0131r\u0131m b\u00fct\u00fcnl\u00fc\u011f\u00fcn\u00fc korur hem de \u00fcretim s\u00fcrecinin bir k\u0131sm\u0131n\u0131 d\u0131\u015f kaynak kullanarak (outsourcing) daha verimli hale getirir.<\/li>\n\n\n\n<li><strong>\u0130zin Zorunlulu\u011fu:<\/strong>\u00a0Bu model i\u00e7in\u00a0<strong>mutlaka Bakanl\u0131k&#8217;tan izin al\u0131nmas\u0131 gerekir.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-0fc961ec31c2f3289edf27514b19d081\"><strong>(2) Yat\u0131r\u0131m\u0131n B\u00fct\u00fcn Halinde Kiralanmas\u0131 ve \u0130stihdam Deste\u011finin Durdurulmas\u0131<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Ne Diyor?<\/strong>\u00a0Te\u015fvik belgesi kapsam\u0131 yat\u0131r\u0131m\u0131n b\u00fct\u00fcn olarak i\u015fletilmek \u00fczere ba\u015fka bir firmaya kiralanmas\u0131 Bakanl\u0131\u011f\u0131n iznine tabidir.\u00a0Ancak bu durumda\u00a0<strong>istihdama y\u00f6nelik destekler durdurulur.<\/strong><\/li>\n\n\n\n<li><strong>Pratik Anlam\u0131:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Fabrikan\u0131z\u0131 t\u00fcm\u00fcyle ba\u015fka bir firmaya kiralayabilirsiniz.\u00a0\u00d6rne\u011fin, bir otel yat\u0131r\u0131m\u0131 yap\u0131p i\u015fletmesini profesyonel bir otel zincirine devredebilirsiniz.<\/li>\n\n\n\n<li><strong>Sonu\u00e7:<\/strong>\u00a0Kiralama izni alabilirsiniz. Ancak, o tesiste \u00e7al\u0131\u015fan personelin sigorta primi desteklerinden (Madde 18 ve 19) art\u0131k\u00a0<strong>faydalanamazs\u0131n\u0131z.<\/strong><\/li>\n\n\n\n<li><strong>Mant\u0131\u011f\u0131:<\/strong>\u00a0Devlet, istihdam deste\u011fini &#8220;istihdam\u0131 yaratan ve bordrosunda g\u00f6steren&#8221; yat\u0131r\u0131mc\u0131ya verir. Kirac\u0131 firma personeli i\u015fe alaca\u011f\u0131 i\u00e7in, as\u0131l yat\u0131r\u0131mc\u0131 art\u0131k bu deste\u011fin taraf\u0131 olmaktan \u00e7\u0131kar.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-42f582d4c177319c7374cbb639bd4b96\"><strong>(3) &#8220;Sat ve Geri Kirala&#8221; Modeli (Sale and Leaseback)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Ne Diyor?<\/strong>\u00a0Tamamlanmam\u0131\u015f veya vizesi yap\u0131lm\u0131\u015f ama 2 y\u0131l\u0131n\u0131 doldurmam\u0131\u015f bir yat\u0131r\u0131mdaki sabit k\u0131ymetlerin bir finansal kiralama \u015firketine sat\u0131l\u0131p, ayn\u0131 \u015firket taraf\u0131ndan bizzat yat\u0131r\u0131mc\u0131n\u0131n kendisine geri kiralanmas\u0131,\u00a0<strong>faiz veya k\u00e2r pay\u0131 deste\u011finden yararlan\u0131lmamas\u0131 ko\u015fuluyla<\/strong>\u00a0Bakanl\u0131\u011f\u0131n iznine tabidir.<\/li>\n\n\n\n<li><strong>Pratik Anlam\u0131: Modern Bir Finansman Y\u00f6ntemi<\/strong>\n<ul class=\"wp-block-list\">\n<li>Bu, nakit s\u0131k\u0131\u015f\u0131kl\u0131\u011f\u0131 ya\u015fayan yat\u0131r\u0131mc\u0131lar i\u00e7in bir can simididir.<\/li>\n\n\n\n<li><strong>\u0130\u015fleyi\u015f:<\/strong>\n<ol start=\"1\" class=\"wp-block-list\">\n<li>Yat\u0131r\u0131mc\u0131, te\u015fvikle ald\u0131\u011f\u0131 bir makineyi bir leasing \u015firketine satar ve an\u0131nda nakit elde eder.<\/li>\n\n\n\n<li>Leasing \u015firketi, ayn\u0131 makineyi tekrar yat\u0131r\u0131mc\u0131ya uzun vadeli olarak kiralar.<\/li>\n\n\n\n<li>Yat\u0131r\u0131mc\u0131, makineyi kullanmaya devam ederken, leasing \u015firketine ayl\u0131k kira \u00f6der.<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li><strong>Kilit Feragat:<\/strong>\u00a0Bu finansman modelini kullanabilmek i\u00e7in, te\u015fvik belgenizin\u00a0<strong>faiz\/k\u00e2r pay\u0131 deste\u011fi hakk\u0131ndan feragat etmeniz gerekir.<\/strong>\u00a0Devlet, ayn\u0131 yat\u0131r\u0131m i\u00e7in hem bu t\u00fcr bir finansman kolayl\u0131\u011f\u0131na izin verip hem de \u00fczerine faiz deste\u011fi \u00f6demeyi mant\u0131kl\u0131 bulmaz.<\/li>\n\n\n\n<li><strong>\u0130zin Zorunlulu\u011fu:<\/strong>\u00a0Bu i\u015flem i\u00e7in de\u00a0<strong>Bakanl\u0131k&#8217;tan izin al\u0131nmas\u0131 zorunludur.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-0f9cc26f0d38c673e3b4d1c17ec2b70a\"><strong>Tablo: Kiralama Senaryolar\u0131 ve Sonu\u00e7lar\u0131<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Kiralama T\u00fcr\u00fc<\/strong><\/td><td><strong>Kirac\u0131 Kim?<\/strong><\/td><td><strong>Ama\u00e7<\/strong><\/td><td><strong>Bakanl\u0131k \u0130zni Gerekli mi?<\/strong><\/td><td><strong>En \u00d6nemli Sonucu \/ \u015eart\u0131<\/strong><\/td><\/tr><tr><td><strong>Fason \u00dcretime Verme<\/strong>(Madde 27\/1)<\/td><td>Ba\u015fka bir \u00fcretici firma<\/td><td>\u00dcretimin bir k\u0131sm\u0131n\u0131 d\u0131\u015far\u0131ya yapt\u0131rmak<\/td><td><strong>EVET<\/strong><\/td><td>Kirac\u0131n\u0131n \u00fcretti\u011fi mal\u0131 yat\u0131r\u0131mc\u0131ya geri satmas\u0131 zorunludur.<\/td><\/tr><tr><td><strong>Yat\u0131r\u0131m\u0131n Tamam\u0131n\u0131 Kiralama<\/strong>&nbsp;(Madde 27\/2)<\/td><td>Ba\u015fka bir i\u015fletmeci firma<\/td><td>Yat\u0131r\u0131m\u0131n i\u015fletmesini devretmek<\/td><td><strong>EVET<\/strong><\/td><td><strong>\u0130stihdama y\u00f6nelik destekler (SGK) durdurulur.<\/strong><\/td><\/tr><tr><td><strong>Sat ve Geri Kirala<\/strong>(Madde 27\/3)<\/td><td>Finansal kiralama \u015firketi (Leasing)<\/td><td>Nakit ak\u0131\u015f\u0131 \/ Finansman sa\u011flamak<\/td><td><strong>EVET<\/strong><\/td><td><strong>Faiz veya K\u00e2r Pay\u0131 Deste\u011finden feragat edilmesi zorunludur.<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-c58a30e5f6ccb04d9f5aa03320b21f97\"><strong>B\u00f6l\u00fcm 2: Stratejik De\u011ferlendirme ve Pratik Senaryolar<\/strong><\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-9e14897a2cdbe0195919d2b864a8f594\"><strong>Senaryo 1: \u0130la\u00e7 Firmas\u0131 ve \u00d6zel Bir Kaps\u00fclleme Makinesi<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Durum:<\/strong>\u00a0A \u0130la\u00e7 Firmas\u0131, &#8220;Teknoloji Hamlesi&#8221; ile \u00e7ok \u00f6zel bir kaps\u00fclleme makinesi ithal ediyor. Ancak makinenin kapasitesi, A Firmas\u0131&#8217;n\u0131n kendi \u00fcretiminin \u00e7ok \u00fczerinde. At\u0131l kapasiteyi de\u011ferlendirmek istiyor.<\/li>\n\n\n\n<li><strong>\u00c7\u00f6z\u00fcm:<\/strong>\u00a0A Firmas\u0131, Madde 27\/(1) kapsam\u0131nda, sadece bu alanda uzmanla\u015fm\u0131\u015f B Firmas\u0131&#8217;na makineyi kiralayabilir. Ama \u015fart\u0131 \u015fudur: B Firmas\u0131, kaps\u00fclledi\u011fi t\u00fcm ila\u00e7lar\u0131 A Firmas\u0131&#8217;na geri satmak zorundad\u0131r. A Firmas\u0131 da bu \u00fcr\u00fcnleri kendi markas\u0131yla piyasaya s\u00fcrebilir. B\u00f6ylece makinenin %100 kapasitesi kullan\u0131l\u0131r ve yat\u0131r\u0131m\u0131n verimlili\u011fi artar.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-72c06959d2469a5450194268e3cb1a35\"><strong>Senaryo 2: Turizm Yat\u0131r\u0131mc\u0131s\u0131 ve Otel \u0130\u015fletmesi<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Durum:<\/strong>\u00a0Bir in\u015faat firmas\u0131, Antalya&#8217;da 5 y\u0131ld\u0131zl\u0131 bir otel in\u015fa ediyor ve te\u015fvik belgesi al\u0131yor. Ancak otel i\u015fletme tecr\u00fcbesi yok.<\/li>\n\n\n\n<li><strong>\u00c7\u00f6z\u00fcm:<\/strong>\u00a0Firma, Madde 27\/(2) kapsam\u0131nda Bakanl\u0131k&#8217;tan izin alarak, otelin i\u015fletmesini 10 y\u0131ll\u0131\u011f\u0131na uluslararas\u0131 bir otel zincirine kiralayabilir. Bu durumda otelin t\u00fcm gelirleri kirac\u0131ya ait olur, yat\u0131r\u0131mc\u0131 ise sabit bir kira geliri elde eder. Ancak bu devirle birlikte, otel personeli i\u00e7in alabilece\u011fi SGK desteklerinden vazge\u00e7mi\u015f olur.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-6891d4e081736b53efc8e2bd87fed387\"><strong>Senaryo 3: Nakit S\u0131k\u0131\u015f\u0131kl\u0131\u011f\u0131 Ya\u015fayan \u00dcretici<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Durum:<\/strong>\u00a0Bir makine \u00fcreticisi, yat\u0131r\u0131m\u0131n\u0131n ortas\u0131nda beklenmedik bir nakit ihtiyac\u0131yla kar\u015f\u0131la\u015f\u0131yor. Banka kredisi bulmakta zorlan\u0131yor. Elindeki en de\u011ferli varl\u0131k ise te\u015fvikle ald\u0131\u011f\u0131 20 Milyon TL&#8217;lik 5 eksenli CNC makinesi.<\/li>\n\n\n\n<li><strong>\u00c7\u00f6z\u00fcm:<\/strong>\u00a0Firma, Madde 27\/(3)&#8217;\u00fc kullanarak bir leasing firmas\u0131yla anla\u015f\u0131r. CNC makinesini 20 Milyon TL&#8217;ye leasing firmas\u0131na satarak an\u0131nda nakit elde eder ve bu parayla yat\u0131r\u0131m\u0131n\u0131 tamamlar. Ayn\u0131 zamanda, makineyi ayl\u0131k kiralarla kullanmaya devam eder. Bu i\u015flemi yapabilmek i\u00e7in, te\u015fvik belgesindeki faiz deste\u011fi hakk\u0131ndan vazge\u00e7mesi gerekir, ancak bu, yat\u0131r\u0131m\u0131n batmas\u0131n\u0131 \u00f6nlemek i\u00e7in \u00f6denmesi makul bir bedel olabilir.<\/li>\n<\/ul>\n\n\n\n<p><strong>Sonu\u00e7 olarak Madde 27,<\/strong>&nbsp;modern i\u015f d\u00fcnyas\u0131n\u0131n getirdi\u011fi esnek \u00fcretim ve finansman modellerine te\u015fvik sisteminin uyum sa\u011flama \u00e7abas\u0131n\u0131 g\u00f6sterir. Ancak bu esneklik, her ad\u0131mda Bakanl\u0131k iznini ve belirli desteklerden feragat etmeyi gerektiren s\u0131k\u0131 bir kontrol mekanizmas\u0131yla dengelenmi\u015ftir. Yat\u0131r\u0131mc\u0131, bu maddeyi bir &#8220;ka\u00e7\u0131\u015f kap\u0131s\u0131&#8221; olarak de\u011fil, operasyonel verimlili\u011fini veya finansal sa\u011fl\u0131\u011f\u0131n\u0131 iyile\u015ftirmek i\u00e7in kullanabilece\u011fi stratejik bir ara\u00e7 olarak g\u00f6rmelidir.<\/p>\n\n\n\n<p><strong>Sayg\u0131lar\u0131m\u0131zla.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Giri\u015f: Te\u015fvikli Varl\u0131klar\u0131 Ba\u015fkas\u0131na Kulland\u0131rma Sanat\u0131 Bir yat\u0131r\u0131mc\u0131, te\u015fvik belgesiyle vergi avantajlar\u0131 sa\u011flayarak ald\u0131\u011f\u0131 milyonlarca liral\u0131k bir makineyi, ba\u015fka bir firmaya kiraya verebilir mi? Veya finansman sa\u011flamak i\u00e7in kendi makinesini bir finans \u015firketine sat\u0131p ondan geri kiralayabilir mi? Madde 27, bu t\u00fcr karma\u015f\u0131k ve modern i\u015f modellerinin te\u015fvik sistemi i\u00e7indeki yerini ve kurallar\u0131n\u0131 belirler. Bu [&hellip;]<\/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":[86,79,35,47,73,45,46,77,48,80,78,87,50,49,42,85,39,74,51,81,52,25,83,76,84,82],"class_list":["post-1301","post","type-post","status-publish","format-standard","hentry","category-mevzuat","tag-ar-ge-destekleri","tag-buyuk-olcekli-isletme","tag-ekosistem-gelistirme-plani-yukumlulugu","tag-faiz-veya-kar-payi-destegi","tag-giris","tag-gumruk-vergisi-muafiyeti","tag-kdv-istisnasi","tag-kobi","tag-makine-destegi","tag-sabit-yatirim-tutari","tag-sanayi-ve-teknoloji-bakanligi","tag-savunma-sanayi","tag-sigorta-primi-destegi","tag-sigorta-primi-isveren-hissesi-destegi","tag-stratejik-hamle-programi","tag-tasarim-destekleri","tag-teknoloji-hamlesi-programi","tag-turkiye-yuzyili-kalkinma-hamlesi","tag-vergi-indirimi","tag-yatirim-ilerleme-raporu","tag-yatirim-yeri-tahsisi","tag-yatirimlarda-devlet-yardimlari-hakkinda-karar","tag-yeminli-mali-musavir","tag-yerel-kalkinma-hamlesi-programi","tag-yesil-donusum","tag-ymm"],"_links":{"self":[{"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/posts\/1301","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=1301"}],"version-history":[{"count":1,"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/posts\/1301\/revisions"}],"predecessor-version":[{"id":1303,"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/posts\/1301\/revisions\/1303"}],"wp:attachment":[{"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/media?parent=1301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/categories?post=1301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/tags?post=1301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}