{"id":1329,"date":"2025-06-26T22:23:28","date_gmt":"2025-06-26T22:23:28","guid":{"rendered":"https:\/\/zetunas.com\/?p=1329"},"modified":"2025-06-26T22:23:28","modified_gmt":"2025-06-26T22:23:28","slug":"faiz-ve-kur-farklarinin-yatirim-harcamasina-etkisi","status":"publish","type":"post","link":"https:\/\/zetunas.com\/index.php\/2025\/06\/26\/faiz-ve-kur-farklarinin-yatirim-harcamasina-etkisi\/","title":{"rendered":"Faiz ve Kur Farklar\u0131n\u0131n Yat\u0131r\u0131m Harcamas\u0131na Etkisi"},"content":{"rendered":"\n<p><strong>Say\u0131sal \u00d6rneklerle Detayl\u0131 De\u011ferlendirme<\/strong><\/p>\n\n\n\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\/Faiz-ve-Kur-Farklarini-gosteren-genelde-oran-iceren-yazi-icermeyen-gorseller-1024x832.jpg\" alt=\"\" class=\"wp-image-1330\"\/><\/figure>\n\n\n\n<p>21.06.2025 Tarih ve 32933 Say\u0131l\u0131 Resm\u00ee Gazetede Yay\u0131mlanan Yat\u0131r\u0131mlarda Devlet Yard\u0131mlar\u0131 Hakk\u0131nda Karar\u0131n Uygulanmas\u0131na \u0130li\u015fkin Tebli\u011f\u2019inde (TEBL\u0130\u011e NO: 2025\/1)\u00a0<strong>yat\u0131r\u0131m\u0131n finansman\u0131nda kullan\u0131lan kredilerle ilgili \u00f6zel d\u00fczenlemeler<\/strong>\u00a0yap\u0131lm\u0131\u015ft\u0131r.<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-4ccbb0d1aa8ab0bd0b4096fd1e2d1097\"><strong>1. Te\u015fvik Kapsam\u0131 D\u0131\u015f\u0131ndaki Harcamalar<\/strong><\/p>\n\n\n\n<p>Tebli\u011f d\u00fczenlemesi ile A\u015fa\u011f\u0131daki harcamalar&nbsp;te\u015fvik kapsam\u0131 d\u0131\u015f\u0131nda tutulmu\u015ftur.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>M\u00fcracaat tarihinden\u00a0<strong>\u00f6nce<\/strong>\u00a0yap\u0131lan harcamalar.<\/li>\n\n\n\n<li>Ham madde, ara mal\u0131, i\u015fletme malzemesi, yedek par\u00e7a.<\/li>\n\n\n\n<li><strong>Kullan\u0131lm\u0131\u015f yerli<\/strong>\u00a0makine ve te\u00e7hizat.<\/li>\n\n\n\n<li>Binek ara\u00e7lar\u0131 (istisnalar hari\u00e7).<\/li>\n\n\n\n<li>Mevcut makinelerin tamir, bak\u0131m, revizyon masraflar\u0131.<\/li>\n\n\n\n<li><strong>\u00d6nemli:<\/strong>\u00a0Faiz ve kur fark\u0131 giderlerinin, sabit k\u0131ymetin aktifle\u015ftirme tarihinden\u00a0<strong>sonraki<\/strong>\u00a0k\u0131sm\u0131.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-4b03c259099c8bf5ace98e3ed96e747d\"><strong>2. Faiz ve Kur Farklar\u0131na \u0130li\u015fkin \u00d6zel D\u00fczenleme<\/strong><\/p>\n\n\n\n<p><strong>Te\u015fvik belgesi kapsam\u0131 yat\u0131r\u0131mlar\u0131n finansman\u0131nda kullan\u0131lan kredilere ili\u015fkin&nbsp;faiz giderleri&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>VE&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>D\u00f6viz kredisi ya da d\u0131\u015f kredi ile sabit k\u0131ymet temin edilmesi nedeniyle ortaya \u00e7\u0131kan&nbsp;<\/strong><strong>kur farklar\u0131<\/strong><strong>n\u0131n, te\u015fvik belgesi&nbsp;<\/strong><strong>KAPSAMI SAB\u0130T KIYMET\u0130N AKT\u0130FLE\u015eT\u0130RME TAR\u0130H\u0130NE KADAR&nbsp;<\/strong><strong>maliyete intikal ettirilen k\u0131sm\u0131 d\u0131\u015f\u0131nda kalan&nbsp;<\/strong><strong>kur fark\u0131 ve faiz gideri&nbsp;<\/strong><strong>te\u015fvik belgesi kapsam\u0131nda yat\u0131r\u0131m harcamas\u0131 olarak kabul edilmez.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-89c4f38e066aff0391f0434a4cae3786\"><strong>3. Kapsaml\u0131 De\u011ferlendirme<\/strong><\/h3>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-e7a580142f0205e051028b6f9915417f\"><strong>3.1. Vergi Usul Kanunu (VUK) Madde 262<\/strong><\/p>\n\n\n\n<p>Bu madde, bir iktisadi k\u0131ymetin (sabit varl\u0131k veya emtia) maliyet bedelinin vergi kanunlar\u0131 a\u00e7\u0131s\u0131ndan nas\u0131l hesaplanaca\u011f\u0131n\u0131 belirler. \u00d6zellikle 7338 say\u0131l\u0131 kanunla eklenen (c) f\u0131kras\u0131, konumuzun temelini olu\u015fturur:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Kural:<\/strong>\u00a0Kredili al\u0131mlarda faiz ve kur farklar\u0131 i\u00e7in\u00a0<strong>zorunlu bir maliyete ekleme d\u00f6nemi<\/strong>\u00a0tan\u0131mlar.<\/li>\n\n\n\n<li><strong>Kilit Tarih:<\/strong>\u00a0Bu zorunluluk, sabit k\u0131ymetler i\u00e7in &#8220;iktisadi k\u0131ymetin\u00a0<strong>envantere al\u0131nd\u0131\u011f\u0131 hesap d\u00f6neminin sonuna kadar<\/strong>&#8221; devam eder. Pratikte bu tarih, genellikle mali y\u0131l sonu olan\u00a0<strong>31 Aral\u0131k<\/strong>&#8216;t\u0131r.<\/li>\n\n\n\n<li><strong>Se\u00e7imlik Hak (Serbestlik):<\/strong>\u00a0Bu tarihten (hesap d\u00f6nemi sonundan) sonra olu\u015fan faiz ve kur farklar\u0131 i\u00e7in m\u00fckellefe bir se\u00e7im hakk\u0131 tan\u0131r. M\u00fckellef, bu giderleri ya maliyete eklemeye devam edebilir ya da do\u011frudan d\u00f6nem gideri olarak yazabilir.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-493d600c100563017c5cecc5db3ad65f\"><strong>3.2. Yat\u0131r\u0131m Te\u015fvik Tebli\u011fi (2025\/1)<\/strong><\/p>\n\n\n\n<p>Bu tebli\u011f, VUK&#8217;un genel \u00e7er\u00e7evesinden ayr\u0131 olarak,&nbsp;<strong>sadece yat\u0131r\u0131m te\u015fvik belgesi kapsam\u0131ndaki harcamalar\u0131n<\/strong>&nbsp;ne oldu\u011funun tan\u0131m\u0131n\u0131 yapar. Yani, hangi harcamalar\u0131n devlet desteklerinden (KDV istisnas\u0131, indirimli vergi vb.) yararlanabilece\u011fini belirler.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Kural:<\/strong>\u00a0Kredi kaynakl\u0131 faiz ve kur farklar\u0131n\u0131n &#8220;yat\u0131r\u0131m harcamas\u0131&#8221; say\u0131labilmesi i\u00e7in tek ve net bir kriter koyar.<\/li>\n\n\n\n<li><strong>Kilit Tarih:<\/strong>\u00a0Bu kriter, &#8220;te\u015fvik belgesi kapsam\u0131 sabit k\u0131ymetin\u00a0<strong>aktifle\u015ftirme tarihidir<\/strong>.&#8221; Yani makinenin, binan\u0131n fiilen\u00a0<strong>kullan\u0131lmaya ba\u015fland\u0131\u011f\u0131 veya gelir \u00fcretmeye haz\u0131r hale geldi\u011fi g\u00fcnd\u00fcr.<\/strong><\/li>\n\n\n\n<li><strong>Se\u00e7imlik Hak (Serbestlik):<\/strong>\u00a0<strong>Yoktur.<\/strong>\u00a0Aktifle\u015ftirme tarihinden sonra olu\u015fan hi\u00e7bir finansman gideri, te\u015fvik belgesi a\u00e7\u0131s\u0131ndan yat\u0131r\u0131m harcamas\u0131 olarak kabul edilmez. Bu konuda m\u00fckellefe herhangi bir esneklik veya se\u00e7im hakk\u0131 tan\u0131nmaz.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-024cca9c23be04bebac5fadabb8c139d\"><strong>4. VUK ve Te\u015fvik Tebli\u011fi Kar\u015f\u0131la\u015ft\u0131rmal\u0131 Detayl\u0131 Tablo<\/strong><strong><\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><td><strong>De\u011ferlendirme Konusu<\/strong><strong><\/strong><\/td><td><strong>Vergi Usul Kanunu (VUK) Madde 262&#8217;ye G\u00f6re Durum (Genel D\u00fczenleme)<\/strong><strong><\/strong><\/td><td><strong>Yat\u0131r\u0131m Te\u015fvik Tebli\u011fi&#8217;ne G\u00f6re Durum (\u00d6zel D\u00fczenleme)<\/strong><strong><\/strong><\/td><td><strong>Kar\u015f\u0131la\u015ft\u0131rma ve Temel Fark<\/strong><strong><\/strong><\/td><\/tr><\/thead><tbody><tr><td><strong>Uygulama Alan\u0131<\/strong><strong><\/strong><\/td><td>T\u00fcm m\u00fckelleflerin sabit k\u0131ymet al\u0131mlar\u0131 i\u00e7in ge\u00e7erli genel muhasebe ve vergi kural\u0131d\u0131r.<\/td><td>Sadece &#8220;Yat\u0131r\u0131m Te\u015fvik Belgesi&#8221; sahibi m\u00fckelleflerin, belge kapsam\u0131ndaki yat\u0131r\u0131mlar\u0131 i\u00e7in ge\u00e7erlidir.<\/td><td>VUK genel bir \u00e7er\u00e7eve \u00e7izerken, Tebli\u011f&nbsp;<strong>sadece te\u015fvikli yat\u0131r\u0131mlar\u0131n desteklenecek k\u0131sm\u0131n\u0131<\/strong>&nbsp;tan\u0131mlayan \u00f6zel bir kurald\u0131r.<\/td><\/tr><tr><td><strong>Temel Ama\u00e7<\/strong><strong><\/strong><\/td><td>Sabit k\u0131ymetin vergi matrah\u0131n\u0131 etkileyecek&nbsp;<strong>maliyet bedelini&nbsp;<\/strong>do\u011fru tespit etmektir.<\/td><td>Devlet desteklerinden yararlanacak olan&nbsp;<strong>yat\u0131r\u0131m harcamas\u0131 tutar\u0131n\u0131&nbsp;<\/strong>belirlemektir.<\/td><td>Ama\u00e7lar farkl\u0131d\u0131r. Biri maliyet tespiti, di\u011feri desteklenecek harcama tespiti yapar. Bir harcama VUK&#8217;a g\u00f6re maliyet olabilir ama Tebli\u011f&#8217;e g\u00f6re yat\u0131r\u0131m harcamas\u0131 olmayabilir.<\/td><\/tr><tr><td><strong>K\u0130L\u0130T TAR\u0130H (Milat)<\/strong><strong><\/strong><\/td><td>Sabit k\u0131ymetin envantere al\u0131nd\u0131\u011f\u0131&nbsp;<strong>HESAP D\u00d6NEM\u0130N\u0130N SONU&nbsp;<\/strong>(Genellikle 31 Aral\u0131k).<\/td><td>Sabit k\u0131ymetin&nbsp;<strong>F\u0130\u0130LEN AKT\u0130FLE\u015eT\u0130R\u0130LD\u0130\u011e\u0130 G\u00dcN<\/strong>&nbsp;(Kullan\u0131ma haz\u0131r hale geldi\u011fi tarih).<\/td><td><strong>EN KR\u0130T\u0130K FARK BUDUR.<\/strong>VUK y\u0131l sonunu baz al\u0131rken, Tebli\u011f fiili i\u015fe ba\u015flama g\u00fcn\u00fcn\u00fc esas al\u0131r. Tebli\u011f&#8217;in s\u00fcresi neredeyse her zaman VUK&#8217;tan daha k\u0131sad\u0131r.<strong><\/strong><\/td><\/tr><tr><td><strong>Aktifle\u015ftirme Tarihine KADAR Olu\u015fan Faiz ve Kur Fark\u0131<\/strong><strong><\/strong><\/td><td><strong>ZORUNLU<\/strong>&nbsp;olarak sabit k\u0131ymetin maliyetine eklenir. Gider yaz\u0131lamaz.<strong><\/strong><\/td><td><strong>EVET<\/strong>, sabit k\u0131ymetin maliyetine eklenen bu k\u0131s\u0131m&nbsp;<strong>&#8220;Yat\u0131r\u0131m Harcamas\u0131&#8221;<\/strong>&nbsp;olarak kabul edilir.<strong><\/strong><\/td><td>Bu d\u00f6nemde iki d\u00fczenleme aras\u0131nda&nbsp;<strong>uyum vard\u0131r.<\/strong>&nbsp;Bu giderler hem maliyettir hem de yat\u0131r\u0131m harcamas\u0131d\u0131r.<\/td><\/tr><tr><td><strong>Aktifle\u015ftirme Tarihi \u0130LE&nbsp;<\/strong><strong>HESAP D\u00d6NEM\u0130 SONU (31 Aral\u0131k) ARASINDA<\/strong><strong>Olu\u015fan Faiz ve Kur Fark\u0131<\/strong><strong><\/strong><\/td><td><strong>ZORUNLU<\/strong>&nbsp;olarak sabit k\u0131ymetin maliyetine eklenir. Gider yaz\u0131lamaz.<strong><\/strong><\/td><td><strong>HAYIR<\/strong>, bu d\u00f6nem aktifle\u015ftirme tarihinden&nbsp;<em>sonra&nbsp;<\/em>kald\u0131\u011f\u0131 i\u00e7in olu\u015fan faiz\/kur fark\u0131&nbsp;<strong>&#8220;Yat\u0131r\u0131m Harcamas\u0131&#8221; KABUL ED\u0130LMEZ.<\/strong><strong><\/strong><\/td><td><strong>TEMEL AYRI\u015eMA NOKTASI!<\/strong>&nbsp;VUK&#8217;a g\u00f6re maliyetin bir par\u00e7as\u0131 olan bu gider, Te\u015fvik Tebli\u011fi&#8217;ne g\u00f6re kesinlikle yat\u0131r\u0131m harcamas\u0131 de\u011fildir.<strong><\/strong><\/td><\/tr><tr><td><strong>Hesap D\u00f6nemi Sonundan SONRA Olu\u015fan Faiz ve Kur Fark\u0131<\/strong><strong><\/strong><\/td><td><strong>SE\u00c7\u0130ML\u0130K HAK VARDIR (SERBESTL\u0130K).<\/strong>&nbsp;M\u00fckellef, bu giderleri isterse maliyete eklemeye devam eder, isterse do\u011frudan &#8220;Finansman Gideri&#8221; olarak kaydeder.<strong><\/strong><\/td><td><strong>HAYIR<\/strong>, bu d\u00f6nem de aktifle\u015ftirme tarihinden sonra kald\u0131\u011f\u0131 i\u00e7in olu\u015fan faiz\/kur fark\u0131&nbsp;<strong>&#8220;Yat\u0131r\u0131m Harcamas\u0131&#8221; KABUL ED\u0130LMEZ.<\/strong><strong><\/strong><\/td><td>VUK&#8217;un esneklik tan\u0131d\u0131\u011f\u0131 bu d\u00f6nemde bile, Tebli\u011f kat\u0131 kural\u0131n\u0131 s\u00fcrd\u00fcr\u00fcr. Te\u015fvik a\u00e7\u0131s\u0131ndan bu giderler yat\u0131r\u0131m\u0131n par\u00e7as\u0131 de\u011fildir.<\/td><\/tr><tr><td><strong>M\u00fckellefin Se\u00e7imlik Hakk\u0131<\/strong><strong><\/strong><\/td><td><strong>VARDIR.<\/strong>&nbsp;Hesap d\u00f6nemi sonundan sonraki giderler i\u00e7in m\u00fckellef serbesttir.<strong><\/strong><\/td><td><strong>YOKTUR.<\/strong>&nbsp;Aktifle\u015ftirme tarihi net bir \u00e7izgidir. Bu tarihten sonraki finansman giderleri hi\u00e7bir ko\u015fulda yat\u0131r\u0131m harcamas\u0131 say\u0131lmaz.<strong><\/strong><\/td><td>Tebli\u011f, te\u015fvik sisteminin suistimal edilmemesi ve s\u0131n\u0131rlar\u0131n\u0131n net \u00e7izilmesi i\u00e7in m\u00fckellefe hi\u00e7bir se\u00e7im hakk\u0131 b\u0131rakmaz.<\/td><\/tr><tr><td><strong>Nihai Sonu\u00e7<\/strong><strong><\/strong><\/td><td>\u015eirketin bilan\u00e7osunda g\u00f6r\u00fcnen ve \u00fczerinden amortisman ayr\u0131lacak olan&nbsp;<strong>muhasebesel maliyet bedelini<\/strong>&nbsp;belirler.<\/td><td>\u015eirketin Sanayi ve Teknoloji Bakanl\u0131\u011f\u0131&#8217;na bildirece\u011fi ve indirimli kurumlar vergisi gibi desteklerden faydalanaca\u011f\u0131&nbsp;<strong>toplam yat\u0131r\u0131m harcamas\u0131 tutar\u0131n\u0131<\/strong>&nbsp;belirler.<\/td><td>Pratikte, \u015firketin defterlerindeki&nbsp;<strong>&#8220;Sabit K\u0131ymet Maliyeti&#8221;<\/strong>&nbsp;ile Te\u015fvik Belgesi&#8217;ndeki&nbsp;<strong>&#8220;Ger\u00e7ekle\u015fen Yat\u0131r\u0131m Harcamas\u0131&#8221;<\/strong>&nbsp;tutar\u0131 bu nedenle&nbsp;<strong>birbirinden farkl\u0131 olur.<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-e69e29c87a20a4f5067b16e8291763c7\"><strong>5. Say\u0131sal \u00d6rnekle Nihai Kar\u015f\u0131la\u015ft\u0131rma<\/strong><strong><\/strong><\/h3>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-ca32b733b54b69d14419e2e9d7ec4694\"><strong>\u00d6rnek-1: Kapsaml\u0131 \u2013 Kar\u015f\u0131la\u015ft\u0131rmal\u0131 \u00d6rnek<\/strong><strong><\/strong><\/p>\n\n\n\n<p><strong>Veriler:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Yat\u0131r\u0131m:<\/strong>\u00a0Te\u015fvik belgeli yeni bir CNC makinesi.<\/li>\n\n\n\n<li><strong>Kredi:<\/strong>\u00a0100.000 \u20ac (Makinenin al\u0131m\u0131 i\u00e7in \u00e7ekildi).<\/li>\n\n\n\n<li><strong>Tarih 01.03.2026:<\/strong>\u00a0Kredi \u00e7ekildi ve makine al\u0131nd\u0131. Kur:\u00a0<strong>1 \u20ac = 33 TL<\/strong>. Makinenin maliyeti: 3.300.000 TL.<\/li>\n\n\n\n<li><strong>Tarih 30.09.2026:<\/strong>\u00a0Makine kuruldu, testleri bitti ve fiilen \u00fcretime ba\u015flad\u0131.\u00a0<strong>(AKT\u0130FLE\u015eT\u0130RME TAR\u0130H\u0130)<\/strong>. Kur:\u00a0<strong>1 \u20ac = 35 TL<\/strong>.<\/li>\n\n\n\n<li><strong>Tarih 31.12.2026:<\/strong>\u00a0Hesap d\u00f6nemi sonu.\u00a0<strong>(VUK \u0130\u00c7\u0130N K\u0130L\u0130T TAR\u0130H)<\/strong>. Kur:\u00a0<strong>1 \u20ac = 36 TL<\/strong>.<\/li>\n\n\n\n<li><strong>Faiz Gideri (01.03- 30.09 aras\u0131):<\/strong>\u00a04.000 \u20ac<\/li>\n\n\n\n<li><strong>Faiz Gideri (01.10- 31.12 aras\u0131):<\/strong>\u00a02.000 \u20ac<\/li>\n<\/ul>\n\n\n\n<p><strong>Hesaplama:<\/strong><\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-110280115c7e71ef32c116da7f49c6a6\"><strong>1. VUK&#8217;a G\u00f6re Muhasebesel Maliyet Bedelinin Hesaplanmas\u0131<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Ana Maliyet:<\/strong>\u00a03.300.000 TL<\/li>\n\n\n\n<li><strong>31.12.2026&#8217;ya kadar olan ZORUNLU kur fark\u0131:<\/strong><br>(36 TL\/\u20ac &#8211; 33 TL\/\u20ac) * 100.000 \u20ac =\u00a0<strong>300.000 TL<\/strong><\/li>\n\n\n\n<li><strong>31.12.2026&#8217;ya kadar olan ZORUNLU faiz gideri:<\/strong><br>(4.000 \u20ac * 35 TL) + (2.000 \u20ac * 36 TL) = 140.000 + 72.000 =\u00a0<strong>212.000 TL<\/strong><\/li>\n\n\n\n<li><strong>VUK&#8217;a G\u00f6re Toplam Maliyet Bedeli (31.12.2026 itibar\u0131yla):<\/strong><br>3.300.000 + 300.000 + 212.000 =\u00a0<strong>3.812.000 TL<\/strong><\/li>\n<\/ul>\n\n\n\n<p><em>Bu tutar, \u015firketin bilan\u00e7osunda makinenin de\u011feri olarak g\u00f6r\u00fcnecek ve bu tutar \u00fczerinden amortisman hesaplanacakt\u0131r.<\/em><\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-5861a6ac6f5cdab930800699818878c3\"><strong>2. Te\u015fvik Tebli\u011fi&#8217;ne G\u00f6re Yat\u0131r\u0131m Harcamas\u0131 Tutar\u0131n\u0131n Hesaplanmas\u0131<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Ana Maliyet:<\/strong>\u00a03.300.000 TL<\/li>\n\n\n\n<li><strong>Aktifle\u015ftirme Tarihine (30.09.2026) KADAR olu\u015fan kur fark\u0131:<\/strong><br>(35 TL\/\u20ac &#8211; 33 TL\/\u20ac) * 100.000 \u20ac =\u00a0<strong>200.000 TL<\/strong><\/li>\n\n\n\n<li><strong>Aktifle\u015ftirme Tarihine (30.09.2026) KADAR olu\u015fan faiz gideri:<\/strong><br>4.000 \u20ac * 35 TL\/\u20ac =\u00a0<strong>140.000 TL<\/strong><\/li>\n\n\n\n<li><strong>Te\u015fvik Kapsam\u0131nda Kabul Edilen Toplam Yat\u0131r\u0131m Harcamas\u0131:<\/strong><br>3.300.000 + 200.000 + 140.000 =\u00a0<strong>3.640.000 TL<\/strong><\/li>\n<\/ul>\n\n\n\n<p><em>Bu tutar, \u015firketin devlet desteklerinden yararlanaca\u011f\u0131 matrah\u0131 olu\u015fturur. \u0130ndirimli kurumlar vergisi bu tutar \u00fczerinden hesaplan\u0131r.<\/em><\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-d7d6dd1a063775ceac12f85a6e57e938\"><strong>SONU\u00c7:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Muhasebesel Maliyet (VUK):<\/strong>\u00a03.812.000 TL<\/li>\n\n\n\n<li><strong>Te\u015fviklik Yat\u0131r\u0131m Harcamas\u0131 (Tebli\u011f):<\/strong>\u00a03.640.000 TL<\/li>\n\n\n\n<li><strong>Fark:<\/strong>\u00a0172.000 TL (31.12.2026&#8217;ya kadar aktifle\u015ftirme sonras\u0131 olu\u015fan finansman giderleri)<\/li>\n<\/ul>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-69bc5dbc3f1b097134ac97093c019bfe\"><strong>\u00d6rnek-2<\/strong>:<\/p>\n\n\n\n<p>\u0130malat Ama\u00e7l\u0131 Fabrika Binas\u0131 \u0130n\u015faat\u0131na Ba\u015fland\u0131\u011f\u0131,<\/p>\n\n\n\n<p>YTB Kapsam\u0131nda Te\u015fvikli ve Puan \u0130ndirimli Kredi \u00c7ekildi\u011fi,<\/p>\n\n\n\n<p>YTB Kapsam\u0131 Sabit K\u0131ymet Tutar\u0131: 100 Milyon TL&nbsp;<\/p>\n\n\n\n<p>Faiz ve Kar Pay\u0131 Deste\u011fi: 12,5 Milyon TL<\/p>\n\n\n\n<p>Fabrika Binas\u0131n\u0131n Aktifle\u015ftirilmesine Kadar Ortaya \u00c7\u0131kan Faiz Gideri ve Kur Fark\u0131 Toplam\u0131 (2025-2028): 20 Milyon TL oldu\u011fu varsay\u0131m\u0131 alt\u0131nda,<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-02ca047cd9b1fca5c66590d83a38416f\"><strong>Sonu\u00e7;<\/strong><\/p>\n\n\n\n<p><strong>Vergi \u0130ndiriminde Dikkate Al\u0131nacak Tutar: (100+20)-12,5 Milyon=107,5 Milyon TL<\/strong><\/p>\n\n\n\n<p><strong>\u201c<\/strong><strong>Yeni Uygulamayla birlikte yat\u0131r\u0131m finansman\u0131nda \u00f6z kaynak yerine d\u0131\u015f kredi kullan\u0131lmas\u0131, vergi indirimi avantaj\u0131 yaratmaktad\u0131r.\u201d Ancak TYKH Kapsam\u0131nda makine deste\u011fi uygulamas\u0131ndan faydalan\u0131lmas\u0131 durumunda faiz ve k\u00e2r pay\u0131 deste\u011finden faydalan\u0131lamayacakt\u0131r<\/strong><strong>.<\/strong><\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-f441efa984823fa13404c3a621cb8e80\"><strong>\u00d6rnek-3:<\/strong><\/p>\n\n\n\n<p><strong>TYKH Kapsam\u0131\u00a0<\/strong>\u0130malat Ama\u00e7l\u0131 Fabrika Binas\u0131 \u0130n\u015faat\u0131na Ba\u015fland\u0131\u011f\u0131<strong>,<\/strong><\/p>\n\n\n\n<p>YTB Kapsam\u0131nda Birim Fiyat\u0131 100 Milyon olan makine al\u0131nd\u0131\u011f\u0131 ve 25 milyon makine deste\u011finden faydalan\u0131ld\u0131\u011f\u0131,<\/p>\n\n\n\n<p>Arsa-Arazi in\u015faat harcamalar\u0131n\u0131n tamam\u0131 i\u00e7in faiz ve k\u00e2r pay\u0131 deste\u011finden faydalanmadan 100 milyon TL kredi \u00e7ekildi\u011fi,<\/p>\n\n\n\n<p>Bu kredi kapsam\u0131 50 milyon faiz \u00f6dedi\u011finiz varsay\u0131mlar\u0131 alt\u0131nda,<\/p>\n\n\n\n<p>YTB Kapsam\u0131 Sabit K\u0131ymet Tutar\u0131: 100 Milyon TL Makine, 100 Milyon TL Bina olmak \u00fczere Toplam 200 Milyon TL<\/p>\n\n\n\n<p>Faiz ve Kar Pay\u0131 Deste\u011fi: 0,00 Milyon TL<\/p>\n\n\n\n<p>Makine Deste\u011fi: 25 Milyon TL<\/p>\n\n\n\n<p>Fabrika Binas\u0131n\u0131n Aktifle\u015ftirilmesine Kadar Ortaya \u00c7\u0131kan Faiz Gideri ve Kur Fark\u0131 Toplam\u0131 (2025-2028): 50 Milyon TL<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-02ca047cd9b1fca5c66590d83a38416f\"><strong>Sonu\u00e7;<\/strong><\/p>\n\n\n\n<p><strong>Vergi \u0130ndiriminde Dikkate Al\u0131nacak Tutar: (100+50)-25 Milyon TL=125 Milyon TL<\/strong><\/p>\n\n\n\n<p>Bu fark, VUK&#8217;a g\u00f6re maliyetin par\u00e7as\u0131 olmas\u0131na ra\u011fmen, Te\u015fvik Tebli\u011fi&#8217;ne g\u00f6re yat\u0131r\u0131m harcamas\u0131 say\u0131lmayan tutar\u0131 g\u00f6stermektedir. Bu nedenle yat\u0131r\u0131mc\u0131lar\u0131n bu iki kavram\u0131 \u00e7ok dikkatli bir \u015fekilde ay\u0131rt etmesi kritik \u00f6neme sahiptir.<\/p>\n\n\n\n<p><strong>Sayg\u0131lar\u0131m\u0131zla.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Say\u0131sal \u00d6rneklerle Detayl\u0131 De\u011ferlendirme 21.06.2025 Tarih ve 32933 Say\u0131l\u0131 Resm\u00ee Gazetede Yay\u0131mlanan Yat\u0131r\u0131mlarda Devlet Yard\u0131mlar\u0131 Hakk\u0131nda Karar\u0131n Uygulanmas\u0131na \u0130li\u015fkin Tebli\u011f\u2019inde (TEBL\u0130\u011e NO: 2025\/1)\u00a0yat\u0131r\u0131m\u0131n finansman\u0131nda kullan\u0131lan kredilerle ilgili \u00f6zel d\u00fczenlemeler\u00a0yap\u0131lm\u0131\u015ft\u0131r. 1. Te\u015fvik Kapsam\u0131 D\u0131\u015f\u0131ndaki Harcamalar Tebli\u011f d\u00fczenlemesi ile A\u015fa\u011f\u0131daki harcamalar&nbsp;te\u015fvik kapsam\u0131 d\u0131\u015f\u0131nda tutulmu\u015ftur.&nbsp; 2. Faiz ve Kur Farklar\u0131na \u0130li\u015fkin \u00d6zel D\u00fczenleme Te\u015fvik belgesi kapsam\u0131 yat\u0131r\u0131mlar\u0131n finansman\u0131nda [&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":[79,35,47,73,45,46,77,48,88,80,78,87,50,49,42,85,39,74,51,81,52,25,83,76,84,82],"class_list":["post-1329","post","type-post","status-publish","format-standard","hentry","category-mevzuat","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-r-ge-destekleri","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\/1329","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=1329"}],"version-history":[{"count":1,"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/posts\/1329\/revisions"}],"predecessor-version":[{"id":1331,"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/posts\/1329\/revisions\/1331"}],"wp:attachment":[{"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/media?parent=1329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/categories?post=1329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/tags?post=1329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}