{"id":1337,"date":"2025-07-04T16:53:59","date_gmt":"2025-07-04T16:53:59","guid":{"rendered":"https:\/\/zetunas.com\/?p=1337"},"modified":"2025-07-04T16:53:59","modified_gmt":"2025-07-04T16:53:59","slug":"stratejik-hamle-programi-monografik-vaka-analizi","status":"publish","type":"post","link":"https:\/\/zetunas.com\/index.php\/2025\/07\/04\/stratejik-hamle-programi-monografik-vaka-analizi\/","title":{"rendered":"Stratejik Hamle Program\u0131: Monografik Vaka Analizi"},"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\/07\/Yapay-Zeka-Tabanli-Saglik-Teknolojileri-1-1024x832.jpg\" alt=\"\" class=\"wp-image-1340\"\/><\/figure>\n\n\n\n<p class=\"has-vivid-red-color has-text-color has-link-color wp-elements-8bb1118f0cd353e6a562149bfbc75dee\"><strong><strong>Y\u00fcksek Katma De\u011ferli A\u015f\u0131, \u0130la\u00e7, T\u0131bbi Cihaz, Referans Malzeme, Tan\u0131 Kiti Ve Yapay Zek\u00e2 Tabanl\u0131 Sa\u011fl\u0131k Teknolojileri \u00dcretimine Y\u00f6nelik Yat\u0131r\u0131mlar<\/strong><\/strong><\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-4b020b5923693743124bd17baf249995\"><strong>Vergi \u0130ndiriminden Feragat Edilmemesi<\/strong><\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-98ac86f0678dfef4dd3a35ee0db6292e\"><strong>Vergi \u0130ndiriminden Feragat Edilmesi<\/strong><\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-5366ad7fe01c9ef6f740fa222c063aa5\"><strong>T\u00fcm Destek Unsurlar\u0131 Y\u00f6n\u00fcnden<\/strong><\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-df27392ae0b9cbaa32f94e12f97e9a15\"><strong>Detayl\u0131 Kar\u015f\u0131la\u015ft\u0131rma<\/strong><\/p>\n\n\n\n<p>T\u00fcrkiye Y\u00fczy\u0131l\u0131 Kalk\u0131nma Hamlesi, Teknoloji Hamlesi Program\u0131, Yerel Kalk\u0131nma Hamlesi Program\u0131 ve Stratejik Hamle Program\u0131 olmak \u00fczere \u00fc\u00e7 programdan olu\u015fur ve bu uygulamalar kapsam\u0131nda desteklenen yat\u0131r\u0131mlar b\u00f6lgesel te\u015fvikler ile a\u015fa\u011f\u0131daki destek unsurlar\u0131ndan yararland\u0131r\u0131labilir.<\/p>\n\n\n\n<p>Stratejik Hamle Program\u0131 kapsam\u0131nda katma de\u011feri y\u00fcksek, \u00fclkemizin kritik ihtiya\u00e7lar\u0131n\u0131 kar\u015f\u0131layacak, arz g\u00fcvenli\u011fini sa\u011flayacak, d\u0131\u015fa ba\u011f\u0131ml\u0131l\u0131\u011f\u0131n\u0131 azaltacak, uluslararas\u0131 rekabet g\u00fcc\u00fcn\u00fc art\u0131racak ve ara\u015ft\u0131rma-geli\u015ftirme i\u00e7eri\u011fi y\u00fcksek imalat sekt\u00f6r\u00fc yat\u0131r\u0131mlar\u0131 ile Dijital D\u00f6n\u00fc\u015f\u00fcm Program\u0131 ve Ye\u015fil D\u00f6n\u00fc\u015f\u00fcm Program\u0131 kapsam\u0131ndaki yat\u0131r\u0131mlar desteklenebilir.<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-6cf9c7106b1b24fef96ee026c3ebfbbf\"><strong>\u00d6rnek Olay (Soru Senaryosu)<\/strong><\/p>\n\n\n\n<p>Ankara&#8217;da kurulu&nbsp;<strong>&#8220;ZTS Biyoteknoloji A.\u015e.&#8221;<\/strong>&nbsp;isimli firma, 2026 y\u0131l\u0131 Ocak ay\u0131nda yeni bir yat\u0131r\u0131m yapma karar\u0131 alm\u0131\u015ft\u0131r. \u015eirket,&nbsp;<strong>T\u00fcrkiye&#8217;de \u00fcretimi olmayan ve ithal ikamesi potansiyeli y\u00fcksek, yapay zek\u00e2 destekli, yeni nesil kanser erken te\u015fhis kitlerinin \u00fcretimi<\/strong>&nbsp;i\u00e7in komple yeni bir tesis kurmay\u0131 planlamaktad\u0131r.<\/p>\n\n\n\n<p>Bu yat\u0131r\u0131m,&nbsp;<strong>Tebli\u011f EK-1 Stratejik Yat\u0131r\u0131m Konular\u0131<\/strong>&nbsp;listesindeki &#8220;7. Y\u00fcksek katma de\u011ferli a\u015f\u0131, ila\u00e7, t\u0131bbi cihaz, referans malzeme, tan\u0131 kiti ve yapay zek\u00e2 tabanl\u0131 sa\u011fl\u0131k teknolojileri \u00fcretimine y\u00f6nelik yat\u0131r\u0131mlar&#8221; ba\u015fl\u0131\u011f\u0131 alt\u0131na girmektedir.<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-16e9ced6932834371782df6edd1ea780\"><strong>Yat\u0131r\u0131m ve \u015eirket Bilgileri:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Yat\u0131r\u0131mc\u0131:<\/strong>\u00a0ZTS Biyoteknoloji A.\u015e. (Firma tescil tarihi 2015, Ar-Ge ve inovasyon ge\u00e7mi\u015fi bulunmaktad\u0131r.)<\/li>\n\n\n\n<li><strong>Yat\u0131r\u0131m Yeri:<\/strong>\u00a0Ankara, Anadolu Organize Sanayi B\u00f6lgesi (1. B\u00f6lge)<\/li>\n\n\n\n<li><strong>Yat\u0131r\u0131m Cinsi:<\/strong>\u00a0Komple Yeni Yat\u0131r\u0131m<\/li>\n\n\n\n<li><strong>Yat\u0131r\u0131m Ba\u015flang\u0131\u00e7 Tarihi:<\/strong>\u00a0Ocak 2026<\/li>\n\n\n\n<li><strong>Toplam Sabit Yat\u0131r\u0131m Tutar\u0131:<\/strong><strong>300.000.000 TL<\/strong>\n<ul class=\"wp-block-list\">\n<li>Arazi-Arsa: 20.000.000 TL<\/li>\n\n\n\n<li>Bina-\u0130n\u015faat: 80.000.000 TL<\/li>\n\n\n\n<li>Makine ve Te\u00e7hizat: 100.000.000 TL (70 Milyon TL ithal, 30 Milyon TL yerli)<\/li>\n\n\n\n<li>Di\u011fer Harcamalar (Et\u00fct-proje, montaj, lisans, know-how vb.): 100.000.000 TL<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Yat\u0131r\u0131m\u0131n Finansman\u0131:<\/strong>\n<ul class=\"wp-block-list\">\n<li>\u00d6z Kaynak: 100.000.000 TL<\/li>\n\n\n\n<li>Banka Kredisi: 200.000.000 TL (T\u00fcrk liras\u0131)<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Pazar Durumu:<\/strong>\u00a0\u00dcretilecek \u00fcr\u00fcnle ilgili son bir y\u0131lda T\u00fcrkiye&#8217;nin toplam ithalat\u0131\u00a0<strong>85 Milyon ABD dolar\u0131\u00a0<\/strong>seviyesindedir. \u00dclke i\u00e7i \u00fcretim bu alanda bulunmamaktad\u0131r.<\/li>\n\n\n\n<li><strong>2026 Y\u0131l\u0131 Projeksiyonlar\u0131 (Yat\u0131r\u0131m\u0131n ilk y\u0131l\u0131):<\/strong>\n<ul class=\"wp-block-list\">\n<li>Net Sat\u0131\u015f Has\u0131lat\u0131 (A): 150.000.000 TL<\/li>\n\n\n\n<li>D\u00f6nem K\u00e2r\u0131 (Vergi \u00d6ncesi) (B): 35.000.000 TL<\/li>\n\n\n\n<li>Finansman Giderleri (C): 18.000.000 TL<\/li>\n\n\n\n<li>\u00c7al\u0131\u015fanlara Yap\u0131lan \u00d6demeler (D): 12.000.000 TL<\/li>\n\n\n\n<li>Amortismanlar (E): 5.000.000 TL<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>\u0130stihdam:<\/strong>\u00a0Yat\u0131r\u0131m tamamland\u0131\u011f\u0131nda\u00a0<strong>120 ki\u015filik<\/strong>\u00a0yeni istihdam yarat\u0131lmas\u0131 \u00f6ng\u00f6r\u00fclmektedir.<\/li>\n\n\n\n<li><strong>Teknoloji:<\/strong>\u00a0\u00dcretim, Avrupa&#8217;da say\u0131l\u0131 tesiste bulunan ileri teknolojiye dayanmakta olup, ye\u015fil d\u00f6n\u00fc\u015f\u00fcm kapsam\u0131nda enerji verimlili\u011fi y\u00fcksek ve at\u0131k y\u00f6netimi entegre edilmi\u015f bir s\u00fcre\u00e7 planlanmaktad\u0131r.<\/li>\n<\/ul>\n\n\n\n<p><strong>SORU<\/strong><strong>:<\/strong>&nbsp;ZTS Biyoteknoloji A.\u015e.&#8217;nin bu yat\u0131r\u0131m\u0131n\u0131n Stratejik Hamle Program\u0131 kapsam\u0131nda de\u011ferlendirilip de\u011ferlendirilemeyece\u011fini, yasal dayanaklar\u0131 ve hesaplamalar\u0131yla ortaya koyunuz. De\u011ferlendirilebiliyorsa, Karar&#8217;da belirtilen t\u00fcm destek unsurlar\u0131ndan 2026 y\u0131l\u0131nda ne kadar faydalanabilece\u011fini detayl\u0131 olarak hesaplay\u0131n\u0131z.<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-f23049bb0bec7a6042eed4f2c8a06120\"><strong>1. Yat\u0131r\u0131m\u0131n Stratejik Yat\u0131r\u0131m Olarak De\u011ferlendirilmesi<\/strong><\/p>\n\n\n\n<p>Bir yat\u0131r\u0131m\u0131n Stratejik Hamle Program\u0131 kapsam\u0131nda desteklenebilmesi i\u00e7in&nbsp;<strong>Karar&#8217;\u0131n 8. Maddesi<\/strong>&nbsp;ve&nbsp;<strong>Tebli\u011f&#8217;in 12. Maddesi<\/strong>&nbsp;uyar\u0131nca belirli kriterleri sa\u011flamas\u0131 gerekmektedir. Bu kriterleri s\u0131ras\u0131yla inceleyelim.<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-ede6c3d5e2c366a05a5f9929fcf62c22\"><strong>1.1. Stratejik Hamle Program\u0131 \u00d6n De\u011ferlendirme Kriterleri (Karar Madde 8)<\/strong><\/p>\n\n\n\n<p>Yat\u0131r\u0131m\u0131n \u00f6ncelikle a\u015fa\u011f\u0131daki&nbsp;<strong>5 kriterden en az \u00fc\u00e7\u00fcn\u00fc sa\u011flamas\u0131 gerekmektedir<\/strong>.<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>Yat\u0131r\u0131m Konusunun Listede Yer Almas\u0131:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Dayanak:<\/strong>\u00a0Karar Madde 8(3)(a), Tebli\u011f EK-1.<\/li>\n\n\n\n<li><strong>De\u011ferlendirme:<\/strong>\u00a0Yat\u0131r\u0131m konusu &#8220;yapay zek\u00e2 tabanl\u0131&#8230; tan\u0131 kiti&#8221; \u00fcretimidir. Bu konu, Tebli\u011f EK-1 listesinin 7. maddesinde a\u00e7\u0131k\u00e7a belirtilmi\u015ftir.<\/li>\n\n\n\n<li><strong>Sonu\u00e7:<\/strong>\u00a0<strong>SA\u011eLANDI.<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>\u0130thalat Kar\u015f\u0131lama Oran\u0131:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Dayanak:<\/strong>\u00a0Karar Madde 8(3)(b). \u00dcretilmesi planlanan \u00fcr\u00fcn\u00fcn son bir y\u0131ldaki ihracat\u0131n\u0131n ithalat\u0131 kar\u015f\u0131lama oran\u0131n\u0131n azami %70 olmas\u0131.<\/li>\n\n\n\n<li><strong>De\u011ferlendirme:<\/strong>\u00a0Senaryoya g\u00f6re, bu \u00fcr\u00fcn\u00fcn T\u00fcrkiye&#8217;de \u00fcretimi yoktur, dolay\u0131s\u0131yla ihracat\u0131 s\u0131f\u0131rd\u0131r. \u0130thalat kar\u015f\u0131lama oran\u0131 %0&#8217;d\u0131r.<\/li>\n\n\n\n<li><strong>Sonu\u00e7:<\/strong>\u00a0<strong>SA\u011eLANDI.<\/strong>\u00a0(%0 &lt; %70)<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Katma De\u011fer Oran\u0131:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Dayanak:<\/strong>\u00a0Karar Madde 8(3)(c). Tebli\u011f ile belirlenen y\u00f6nteme g\u00f6re hesaplanacak katma de\u011fer oran\u0131n\u0131n asgari %30 olmas\u0131.<\/li>\n\n\n\n<li><strong>Hesaplama (Tebli\u011f EK-2&#8217;ye g\u00f6re):<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Form\u00fcl:<\/strong>\u00a0Katma De\u011fer Oran\u0131 = (B+C+D+E) \/ A * 100<\/li>\n\n\n\n<li><strong>Veriler:<\/strong>\n<ul class=\"wp-block-list\">\n<li>A (Net Sat\u0131\u015f Has\u0131lat\u0131): 150.000.000 TL<\/li>\n\n\n\n<li>B (Vergi \u00d6ncesi K\u00e2r): 35.000.000 TL<\/li>\n\n\n\n<li>C (Finansman Giderleri): 18.000.000 TL<\/li>\n\n\n\n<li>D (\u00c7al\u0131\u015fanlara \u00d6demeler): 12.000.000 TL<\/li>\n\n\n\n<li>E (Amortismanlar): 5.000.000 TL<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Hesaplama:<\/strong>\u00a0(35.000.000 + 18.000.000 + 12.000.000 + 5.000.000) \/ 150.000.000 * 100<\/li>\n\n\n\n<li>= 70.000.000 \/ 150.000.000 * 100 =\u00a0<strong>%46,67<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Sonu\u00e7:<\/strong>\u00a0<strong>SA\u011eLANDI.<\/strong>\u00a0(%46,67 > %30)<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Toplam \u0130thalat Tutar\u0131:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Dayanak:<\/strong>\u00a0Karar Madde 8(3)(d). Yat\u0131r\u0131m konusu \u00fcr\u00fcnle ilgili son bir y\u0131lda ger\u00e7ekle\u015fen toplam ithalat tutar\u0131n\u0131n 50 Milyon ABD Dolar\u0131 ve \u00fczerinde olmas\u0131.<\/li>\n\n\n\n<li><strong>De\u011ferlendirme:<\/strong>\u00a0Senaryoda, ilgili \u00fcr\u00fcn\u00fcn ithalat\u0131n\u0131n 85 Milyon ABD Dolar\u0131 oldu\u011fu belirtilmi\u015ftir.<\/li>\n\n\n\n<li><strong>Sonu\u00e7:<\/strong>\u00a0<strong>SA\u011eLANDI.<\/strong>\u00a0(85 Milyon $ > 50 Milyon $)<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Asgari Sabit Yat\u0131r\u0131m Tutar\u0131:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Dayanak:<\/strong>\u00a0Karar Madde 8(2). Y\u00fcksek teknolojili \u00fcr\u00fcnler i\u00e7in asgari tutar 100 Milyon TL&#8217;dir.<\/li>\n\n\n\n<li><strong>De\u011ferlendirme:<\/strong>\u00a0Toplam sabit yat\u0131r\u0131m tutar\u0131 300 Milyon TL&#8217;dir.<\/li>\n\n\n\n<li><strong>Sonu\u00e7:<\/strong>\u00a0<strong>SA\u011eLANDI.<\/strong>\u00a0(300 Milyon TL > 100 Milyon TL)<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<p><strong>\u00d6n De\u011ferlendirme Genel Sonucu:<\/strong>&nbsp;Yat\u0131r\u0131m, 5 kriterin tamam\u0131n\u0131 sa\u011flam\u0131\u015ft\u0131r. Bu nedenle Stratejik Hamle Program\u0131 De\u011ferlendirme Komitesi taraf\u0131ndan de\u011ferlendirilmeye hak kazan\u0131r.<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-ae96606147db8c862383b8b589733e8b\"><strong>1.2. Stratejik Hamle Program\u0131 De\u011ferlendirme Tablosu (Tebli\u011f EK-3)<\/strong><\/p>\n\n\n\n<p>Komite, yat\u0131r\u0131m\u0131 teknik, ekonomik ve mali a\u00e7\u0131lardan Tebli\u011f EK-3&#8217;teki tabloya g\u00f6re puanlayacakt\u0131r. Senaryodaki bilgilere g\u00f6re varsay\u0131msal bir puanlama yapal\u0131m:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">De\u011ferlendirme Alan\u0131<\/td><td><strong>Kriter<\/strong><\/td><td><strong>A\u011f\u0131rl\u0131k<\/strong><\/td><td><strong>Senaryo Puan\u0131 (100 \u00fczerinden)<\/strong><\/td><td><strong>A\u011f\u0131rl\u0131kl\u0131 Puan<\/strong><\/td><td><strong>A\u00e7\u0131klama<\/strong><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\" rowspan=\"4\"><strong>Teknik<\/strong><\/td><td>\u00dcretim teknolojisinin yetkinli\u011fi<\/td><td>15%<\/td><td>90<\/td><td>13,5<\/td><td>\u0130leri teknoloji, Avrupa&#8217;da az say\u0131da tesiste var.<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Ye\u015fil d\u00f6n\u00fc\u015f\u00fcm uygulamalar\u0131<\/td><td>5%<\/td><td>80<\/td><td>4<\/td><td>Enerji verimlili\u011fi ve at\u0131k y\u00f6netimi mevcut.<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Firman\u0131n \u00fcretim kabiliyeti<\/td><td>15%<\/td><td>85<\/td><td>12,75<\/td><td>Firman\u0131n Ar-Ge ge\u00e7mi\u015fi ve tecr\u00fcbesi var.<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Firman\u0131n Ar-Ge potansiyeli<\/td><td>5%<\/td><td>90<\/td><td>4,5<\/td><td>Yat\u0131r\u0131m\u0131n kendisi Ar-Ge temelli.<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\" rowspan=\"2\"><strong>Ekonomik<\/strong><\/td><td>Katma de\u011fer, yerel kalk\u0131nma, sekt\u00f6rel ba\u011f.<\/td><td>25%<\/td><td>90<\/td><td>22,5<\/td><td>Katma de\u011fer y\u00fcksek (%46,67), yerli yan sanayi olu\u015fturma potansiyeli.<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">\u00dclke menfaatleri ve arz g\u00fcvenli\u011fi<\/td><td>10%<\/td><td>95<\/td><td>9,5<\/td><td>\u0130thal ikamesi sa\u011flayacak, stratejik sa\u011fl\u0131k \u00fcr\u00fcn\u00fc.<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\" rowspan=\"2\"><strong>Mali<\/strong><\/td><td>Projenin marjinal ekonomik etkisi<\/td><td>20%<\/td><td>80<\/td><td>16<\/td><td>Te\u015fvikler olmadan projenin fizibilitesi d\u00fc\u015f\u00fck, te\u015fviklerle k\u00e2rl\u0131 hale geliyor.<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Yat\u0131r\u0131mc\u0131n\u0131n mali g\u00fcc\u00fc<\/td><td>5%<\/td><td>80<\/td><td>4<\/td><td>1\/3 \u00f6z kaynak, 2\/3 kredi. G\u00fc\u00e7l\u00fc ama destek gerekli.<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>TOPLAM<\/strong><\/td><td>&nbsp;<\/td><td><strong>100%<\/strong><\/td><td><\/td><td><strong>86,75<\/strong><strong><\/strong><\/td><td>&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>De\u011ferlendirme Komitesi Sonucu:<\/strong>&nbsp;Proje, 100 \u00fczerinden 86,75 gibi y\u00fcksek bir puan alm\u0131\u015ft\u0131r.&nbsp;<strong>Tebli\u011f Madde 12(6)<\/strong>&#8216;ya g\u00f6re, proje puan ortalamas\u0131 70&#8217;in \u00fczerinde oldu\u011fu i\u00e7in Komite taraf\u0131ndan olumlu sonu\u00e7land\u0131r\u0131l\u0131r ve te\u015fvik belgesi d\u00fczenlenir.<\/p>\n\n\n\n<p><strong>N\u0130HA\u0130 SONU\u00c7:<\/strong>&nbsp;<strong>ZTS Biyoteknoloji A.\u015e.&#8217;nin yat\u0131r\u0131m\u0131, t\u00fcm yasal kriterleri sa\u011flad\u0131\u011f\u0131 i\u00e7in Stratejik Hamle Program\u0131 kapsam\u0131nda desteklenmeye hak kazanm\u0131\u015ft\u0131r.<\/strong><\/p>\n\n\n\n<p class=\"has-vivid-red-color has-text-color has-link-color wp-elements-8dddfdc843e2e2ca0a16a3470154605d\"><strong>Cevap: Senaryo 1 &#8211;&nbsp;<\/strong><strong>Vergi \u0130ndiriminden Feragat Edilmemesi<\/strong><\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-05ea7357f8362134bdd1fe817b668423\"><strong>2. Stratejik Yat\u0131r\u0131ma Sa\u011flanan Desteklerin Hesaplanmas\u0131 (2026 Y\u0131l\u0131)<\/strong><\/p>\n\n\n\n<p>Yat\u0131r\u0131m, stratejik yat\u0131r\u0131m olarak onayland\u0131\u011f\u0131na g\u00f6re&nbsp;<strong>Karar&#8217;\u0131n ilgili maddelerinde<\/strong>&nbsp;belirtilen t\u00fcm desteklerden faydalanabilir.<\/p>\n\n\n\n<p><strong>2.1. G\u00fcmr\u00fck Vergisi Muafiyeti<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dayanak:<\/strong>\u00a0Karar Madde 13(1)<\/li>\n\n\n\n<li><strong>De\u011ferlendirme:<\/strong>\u00a0Yat\u0131r\u0131m kapsam\u0131nda ithal edilecek t\u00fcm makine ve te\u00e7hizat g\u00fcmr\u00fck vergisinden muaft\u0131r.<\/li>\n\n\n\n<li><strong>2026 Y\u0131l\u0131 Faydas\u0131:<\/strong>\u00a070.000.000 TL&#8217;lik ithal makine ve te\u00e7hizat i\u00e7in g\u00fcmr\u00fck vergisi \u00f6denmeyecektir. (Vergi oran\u0131 varsay\u0131msal %5 ise\u00a0<strong>3.500.000 TL<\/strong>\u00a0tasarruf)<\/li>\n<\/ul>\n\n\n\n<p><strong>2.2. KDV \u0130stisnas\u0131<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dayanak:<\/strong>\u00a0Karar Madde 14(1)<\/li>\n\n\n\n<li><strong>De\u011ferlendirme:<\/strong>\u00a0Yat\u0131r\u0131m te\u015fvik belgesi kapsam\u0131nda temin edilecek yerli ve ithal makine, te\u00e7hizat, yaz\u0131l\u0131m ve gayri maddi haklar KDV&#8217;den istisnad\u0131r.<\/li>\n\n\n\n<li><strong>2026 Y\u0131l\u0131 Faydas\u0131:<\/strong>\u00a0Toplam 100.000.000 TL&#8217;lik makine-te\u00e7hizat al\u0131m\u0131 i\u00e7in KDV \u00f6denmeyecektir.\n<ul class=\"wp-block-list\">\n<li>Katk\u0131 = 100.000.000 TL * %20 (varsay\u0131msal KDV oran\u0131) =\u00a0<strong>20.000.000 TL<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><strong>2.3. Vergi \u0130ndirimi<\/strong><\/p>\n\n\n\n<p class=\"has-vivid-red-color has-text-color has-link-color wp-elements-98de3f1a64b45fa9bfb53f312cc62b33\"><strong>Vergi \u0130ndirimi Deste\u011finin Yanl\u0131\u015f Hesaplanmas\u0131<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dayanak:<\/strong>\u00a0Karar Madde 20<\/li>\n\n\n\n<li><strong>De\u011ferlendirme:<\/strong>\u00a0Stratejik yat\u0131r\u0131mlar i\u00e7in \u00e7ok avantajl\u0131 vergi indirimi oranlar\u0131 uygulan\u0131r.\n<ul class=\"wp-block-list\">\n<li><strong>Yat\u0131r\u0131ma Katk\u0131 Oran\u0131 (YKO):<\/strong>\u00a0Stratejik yat\u0131r\u0131mlar i\u00e7in\u00a0<strong>%40<\/strong>&#8216;t\u0131r. (Madde 20(1)(b))\n<ul class=\"wp-block-list\">\n<li>Toplam \u0130ndirim Hakk\u0131 = 300.000.000 TL * %40 =\u00a0<strong>120.000.000 TL<\/strong>\u00a0(Bu tutar kadar vergi \u00f6denmeyecektir.)<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Kurumlar Vergisi \u0130ndirim Oran\u0131:<\/strong><strong>%60<\/strong>&#8216;t\u0131r. (Madde 20(1))\n<ul class=\"wp-block-list\">\n<li>Uygulanacak Kurumlar Vergisi Oran\u0131 = %25 * (1 &#8211; 0,60) = %10<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Di\u011fer Faaliyetlerden Elde Edilen Kazan\u00e7lara Uygulama:<\/strong>\u00a0Yat\u0131r\u0131mc\u0131, yat\u0131r\u0131m d\u00f6neminde di\u011fer faaliyetlerinden elde etti\u011fi kazan\u00e7lara da indirimli kurumlar vergisi uygulayabilir. Bu tutar, toplam YKO&#8217;nun\u00a0<strong>%50&#8217;sini<\/strong>\u00a0ge\u00e7emez. (Madde 20(2))\n<ul class=\"wp-block-list\">\n<li>Di\u011fer kazan\u00e7lara uygulanabilecek maksimum YKO = 120.000.000 * %50 =\u00a0<strong>60.000.000 TL<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>2026 Y\u0131l\u0131 Faydas\u0131:<\/strong>\u00a0Anka A.\u015e.&#8217;nin 2026 y\u0131l\u0131nda yat\u0131r\u0131m\u0131ndan hen\u00fcz kazan\u00e7 elde etmedi\u011fini, ancak ba\u015fka faaliyetlerinden\u00a0<strong>100.000.000 TL<\/strong>\u00a0vergi matrah\u0131 oldu\u011funu varsayal\u0131m:\n<ul class=\"wp-block-list\">\n<li>Normal Durumda \u00d6denecek Vergi: 100.000.000 * %25 = 25.000.000 TL<\/li>\n\n\n\n<li>Stratejik Yat\u0131r\u0131m Te\u015fviki ile \u00d6denecek Vergi: 100.000.000 * %10 = 10.000.000 TL<\/li>\n\n\n\n<li><strong>2026 Y\u0131l\u0131 Vergi Tasarrufu:<\/strong>\u00a025.000.000- 10.000.000 =\u00a0<strong>15.000.000 TL<\/strong><\/li>\n\n\n\n<li>Kullan\u0131lan YKO: 15.000.000 TL<\/li>\n\n\n\n<li>Kalan YKO Hakk\u0131: 120.000.000- 15.000.000 = 105.000.000 TL<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p class=\"has-vivid-red-color has-text-color has-link-color wp-elements-976e25d751bca95c2e8369e34f359422\"><strong>Vergi \u0130ndirimi Deste\u011finin Do\u011fru Hesaplanmas\u0131<\/strong><\/p>\n\n\n\n<p><strong>Karar&#8217;\u0131n 5. ve 20. maddeleri<\/strong>&nbsp;uyar\u0131nca, vergi indirimi deste\u011fine esas olan &#8220;Yat\u0131r\u0131ma Katk\u0131 Tutar\u0131&#8221; (YKO) hesaplan\u0131rken toplam sabit yat\u0131r\u0131m tutar\u0131ndan baz\u0131 kalemlerin d\u00fc\u015f\u00fclmesi gerekmektedir.<\/p>\n\n\n\n<p>Bu iki \u00f6nemli kural \u015funlard\u0131r:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Arazi-Arsa harcamalar\u0131<\/strong>\u00a0vergi indirimi hesaplamas\u0131na dahil edilmez.<\/li>\n\n\n\n<li>Yat\u0131r\u0131mc\u0131 taraf\u0131ndan kullan\u0131lan\u00a0<strong>Faiz\/K\u00e2r Pay\u0131 Deste\u011fi ve Makine Deste\u011fi tutarlar\u0131<\/strong>, vergi indirimine esas tutardan d\u00fc\u015f\u00fcl\u00fcr.<\/li>\n\n\n\n<li><strong>Ad\u0131m 1: Vergi \u0130ndirimine Esas Tutar\u0131 Bulmak<\/strong><ol><li>Toplam Sabit Yat\u0131r\u0131m Tutar\u0131: 300.000.000 TL<\/li><\/ol><ol><li>(-) D\u00fc\u015f\u00fclecek Arazi-Arsa Harcamas\u0131: &#8211; 20.000.000 TL<\/li><\/ol><ol><li>(-) D\u00fc\u015f\u00fclecek Faiz Deste\u011fi Limiti: Yat\u0131r\u0131mc\u0131, toplamda 45 Milyon TL&#8217;lik faiz deste\u011fi hakk\u0131na sahiptir. Bu potansiyel deste\u011fin tamam\u0131 hesaptan d\u00fc\u015f\u00fcl\u00fcr.<ol><li>Faiz Deste\u011fi Limiti = 300.000.000 TL * %15 (Stratejik Yat\u0131r\u0131m Oran\u0131) = 45.000.000 TL<\/li><\/ol><\/li><\/ol>\n<ol class=\"wp-block-list\">\n<li><strong>Vergi \u0130ndirimine Esas Tutar<\/strong>\u00a0= 300.000.000- 20.000.000- 45.000.000 =\u00a0<strong>235.000.000 TL<\/strong><\/li>\n<\/ol>\n<\/li>\n\n\n\n<li><strong>Ad\u0131m 2: Yat\u0131r\u0131ma Katk\u0131 Tutar\u0131n\u0131 (YKO) Hesaplamak<\/strong><ol><li>Stratejik Yat\u0131r\u0131m i\u00e7in Yat\u0131r\u0131ma Katk\u0131 Oran\u0131: %40<\/li><\/ol>\n<ol class=\"wp-block-list\">\n<li><strong>Toplam YKO (Vergi Kalkan\u0131 Hakk\u0131)<\/strong>\u00a0= 235.000.000 TL * %40 =\u00a0<strong>94.000.000 TL<\/strong><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Kurumlar Vergisi \u0130ndirim Oran\u0131:<\/strong><strong>%60<\/strong>&#8216;t\u0131r. (Madde 20(1))\n<ul class=\"wp-block-list\">\n<li>Uygulanacak Kurumlar Vergisi Oran\u0131 = %25 * (1 &#8211; 0,60) = %10<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Di\u011fer Faaliyetlerden Elde Edilen Kazan\u00e7lara Uygulama:<\/strong>\u00a0Yat\u0131r\u0131mc\u0131, yat\u0131r\u0131m d\u00f6neminde di\u011fer faaliyetlerinden elde etti\u011fi kazan\u00e7lara da indirimli kurumlar vergisi uygulayabilir. Bu tutar, toplam YKO&#8217;nun\u00a0<strong>%50&#8217;sini<\/strong>\u00a0ge\u00e7emez. (Madde 20(2))\n<ul class=\"wp-block-list\">\n<li>Di\u011fer kazan\u00e7lara uygulanabilecek maksimum YKO = 94.000.000 * %50 =\u00a0<strong>47.000.000 TL<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>2026 Y\u0131l\u0131 Faydas\u0131:<\/strong>\u00a0Anka A.\u015e.&#8217;nin 2026 y\u0131l\u0131nda yat\u0131r\u0131m\u0131ndan hen\u00fcz kazan\u00e7 elde etmedi\u011fini, ancak ba\u015fka faaliyetlerinden\u00a0<strong>100.000.000 TL<\/strong>\u00a0vergi matrah\u0131 oldu\u011funu varsayal\u0131m:\n<ul class=\"wp-block-list\">\n<li>Normal Durumda \u00d6denecek Vergi: 100.000.000 * %25 = 25.000.000 TL<\/li>\n\n\n\n<li>Stratejik Yat\u0131r\u0131m Te\u015fviki ile \u00d6denecek Vergi: 100.000.000 * %10 = 10.000.000 TL<\/li>\n\n\n\n<li><strong>2026 Y\u0131l\u0131 Vergi Tasarrufu:<\/strong>\u00a025.000.000- 10.000.000 =\u00a0<strong>15.000.000 TL<\/strong><\/li>\n\n\n\n<li>Kullan\u0131lan YKO: 15.000.000 TL<\/li>\n\n\n\n<li>Kalan YKO Hakk\u0131: 94.000.000- 15.000.000 = 79.000.000 TL<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><em>G\u00f6r\u00fclece\u011fi \u00fczere, do\u011fru hesaplama sonucunda YKO tutar\u0131 120 Milyon TL&#8217;den,<\/em><em>&nbsp;<\/em><strong><em>94 Milyon TL&#8217;ye&nbsp;<\/em><\/strong><em>d\u00fc\u015fm\u00fc\u015ft\u00fcr. Bu, analizin t\u00fcm seyrini de\u011fi\u015ftiren en \u00f6nemli hesaplama ad\u0131md\u0131r.<\/em><\/p>\n\n\n\n<p><strong>2.4. Faiz veya K\u00e2r Pay\u0131 Deste\u011fi<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dayanak:<\/strong>\u00a0Karar Madde 15<\/li>\n\n\n\n<li><strong>De\u011ferlendirme:<\/strong>\u00a0TL cinsi krediler i\u00e7in faizin bir k\u0131sm\u0131n\u0131 devlet kar\u015f\u0131lar. Stratejik yat\u0131r\u0131mlar i\u00e7in en y\u00fcksek oranlar uygulan\u0131r.\n<ul class=\"wp-block-list\">\n<li><strong>Azami Kredi Tutar\u0131:<\/strong>\u00a0Sabit yat\u0131r\u0131m tutar\u0131n\u0131n %70&#8217;ine kadar. (210.000.000 TL)<\/li>\n\n\n\n<li><strong>Destek Oran\u0131:<\/strong>\u00a0TCMB repo faiz oran\u0131n\u0131n\u00a0<strong>15 puan\u0131<\/strong>\u00a0ge\u00e7memek \u00fczere\u00a0<strong>%30&#8217;una<\/strong>\u00a0tekab\u00fcl eden puan. (Madde 15(1)(b))<\/li>\n\n\n\n<li><strong>Destek \u00dcst Limiti:<\/strong>\u00a0Sabit yat\u0131r\u0131m tutar\u0131n\u0131n\u00a0<strong>%15&#8217;ini (azami 180 Milyon TL)<\/strong>\u00a0ge\u00e7emez. (Madde 15(3)(b))\n<ul class=\"wp-block-list\">\n<li>\u00dcst Limit = 300.000.000 * %15 =\u00a0<strong>45.000.000 TL<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>2026 Y\u0131l\u0131 Faydas\u0131 (Varsay\u0131msal Hesaplama):<\/strong>\n<ul class=\"wp-block-list\">\n<li>Yat\u0131r\u0131mc\u0131 2026&#8217;da 200.000.000 TL kredi kullans\u0131n.<\/li>\n\n\n\n<li>TCMB Repo Faizi: %40, Kredi Faizi: %50 olsun.<\/li>\n\n\n\n<li>Destek Puan\u0131:\n<ul class=\"wp-block-list\">\n<li>Puan olarak: 15 puan<\/li>\n\n\n\n<li>Oran olarak: %40 * %30 = 12 puan<\/li>\n\n\n\n<li>D\u00fc\u015f\u00fck olan uygulan\u0131r:\u00a0<strong>12 puanl\u0131k<\/strong>\u00a0indirim sa\u011flan\u0131r.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>2026 Y\u0131l\u0131 Faiz Gideri (Basit Faiz): 200.000.000 * %50 = 100.000.000 TL<\/li>\n\n\n\n<li><strong>2026 Y\u0131l\u0131 Faiz Deste\u011fi Tutar\u0131:<\/strong>\u00a0200.000.000 * %12 =\u00a0<strong>24.000.000 TL<\/strong>\u00a0(Bu tutar Hazine taraf\u0131ndan bankaya \u00f6denir, yat\u0131r\u0131mc\u0131 bu kadar az faiz \u00f6der.) Bu tutar, 45 Milyon TL&#8217;lik toplam limiti a\u015fmad\u0131\u011f\u0131 i\u00e7in \u00f6denebilir.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><strong>2.5. Makine Deste\u011fi<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dayanak:<\/strong>\u00a0Karar Madde 16<\/li>\n\n\n\n<li><strong>De\u011ferlendirme:<\/strong>\u00a0Faiz deste\u011fi yerine\u00a0<strong>alternatif olarak<\/strong>\u00a0se\u00e7ilebilir. (Madde 16(3)) Birim fiyat\u0131 2 Milyon TL ve \u00fczeri olan makineler i\u00e7in bedelin\u00a0<strong>%25<\/strong>&#8216;i \u00f6denir.<\/li>\n\n\n\n<li><strong>2026 Y\u0131l\u0131 Potansiyel Faydas\u0131:<\/strong>\n<ul class=\"wp-block-list\">\n<li>100 Milyon TL&#8217;lik makinenin tamam\u0131n\u0131n bu \u015farta uydu\u011funu varsayal\u0131m.<\/li>\n\n\n\n<li>Makine Deste\u011fi Tutar\u0131 = 100.000.000 * %25 =\u00a0<strong>25.000.000 TL<\/strong><\/li>\n\n\n\n<li><strong>\u00dcst Limit:<\/strong>\u00a0Sabit yat\u0131r\u0131m tutar\u0131n\u0131n %15&#8217;ini (azami 180 Milyon TL) ge\u00e7emez. (Madde 16(2)(b)) (300.000.000 * %15 = 45.000.000 TL)<\/li>\n\n\n\n<li>Hesaplanan 25 Milyon TL, 45 Milyon TL&#8217;lik limitin alt\u0131nda oldu\u011fu i\u00e7in tamam\u0131 al\u0131nabilir.<\/li>\n\n\n\n<li><strong>Kar\u015f\u0131la\u015ft\u0131rma:<\/strong>\u00a0Yat\u0131r\u0131mc\u0131, toplamda 45 Milyon TL&#8217;ye varabilecek faiz deste\u011fi ile tek seferlik 25 Milyon TL&#8217;lik makine deste\u011fi aras\u0131nda bir se\u00e7im yapmal\u0131d\u0131r. Genellikle uzun vadeli ve y\u00fcksek faizli kredilerde faiz deste\u011fi daha avantajl\u0131 olur.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><strong>2.6. Sigorta Primi \u0130\u015fveren Hissesi Deste\u011fi<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dayanak:<\/strong>\u00a0Karar Madde 18 (Normal \u015eartlarda 1. B\u00f6lge olan Ankara\u2019da Sigorta Primi \u0130\u015fveren Hissesi Deste\u011fi s\u00fcresi \u201c0\u201d olarak uygulanmakla birlikte, T\u00fcrkiye Y\u00fczy\u0131l\u0131 Kalk\u0131nma Hamlesi kapsam\u0131nda desteklenen yat\u0131r\u0131mlar i\u00e7in bu destek 6\u2019nc\u0131 b\u00f6lgede 12 y\u0131l, di\u011fer b\u00f6lgelerde 8 y\u0131l s\u00fcreyle uygulan\u0131r.)<\/li>\n\n\n\n<li><strong>De\u011ferlendirme:<\/strong>\u00a0Yat\u0131r\u0131mla yarat\u0131lan ilave istihdam i\u00e7in \u00f6denmesi gereken sigorta primi i\u015fveren hissesinin\u00a0<strong>asgari \u00fccrete denk gelen k\u0131sm\u0131<\/strong>\u00a0Hazine taraf\u0131ndan kar\u015f\u0131lan\u0131r.\n<ul class=\"wp-block-list\">\n<li><strong>S\u00fcre:<\/strong>\u00a0T\u00fcrkiye Y\u00fczy\u0131l\u0131 Kalk\u0131nma Hamlesi yat\u0131r\u0131mlar\u0131 i\u00e7in\u00a0<strong>8 y\u0131l<\/strong>. (Madde 18(3))<\/li>\n\n\n\n<li><strong>Oran:<\/strong>\u00a0\u0130\u015fveren hissesinin\u00a0<strong>%50&#8217;si<\/strong>. (Madde 18(1)(b))<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Tamamlanma Y\u0131l\u0131 Faydas\u0131:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Yat\u0131r\u0131m\u0131n Tamamland\u0131\u011f\u0131 y\u0131lda\u00a0<strong>120<\/strong>\u00a0yeni personel i\u015fe al\u0131ns\u0131n.<\/li>\n\n\n\n<li>Tamamlanma y\u0131l\u0131 asgari \u00fccreti br\u00fct: 30.000 TL (varsay\u0131msal)<\/li>\n\n\n\n<li>\u0130\u015fveren Hissesi (%22,5): 30.000 * %22,5 = 6.750 TL\/ki\u015fi<\/li>\n\n\n\n<li><strong>Destek Tutar\u0131:<\/strong>\u00a06.750 * %50 = 3.375 TL\/ki\u015fi<\/li>\n\n\n\n<li>Ayl\u0131k Toplam Destek: 120 ki\u015fi * 3.375 TL = 405.000 TL<\/li>\n\n\n\n<li><strong>Tamamlanma Y\u0131l\u0131 Toplam Destek:<\/strong>\u00a0405.000 * 12 ay =\u00a0<strong>4.860.000 TL<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><strong>*NOT: NORMAL \u015eARTLARDA BU DESTEK UNUSURUNDAN FAYDALANILAB\u0130LMES\u0130 \u0130\u00c7\u0130N YATIRIMIN TAMAMLAMA V\u0130ZES\u0130N\u0130N YAPILMI\u015e OLMASI GEREKMEKTED\u0130R. HESAPLAMALARDA KONUYA D\u0130KKAT \u00c7EKMEK A\u00c7ISINDAN \u00d6ZELL\u0130KLE \u0130\u015eLENM\u0130\u015eT\u0130R.<\/strong><\/p>\n\n\n\n<p><strong>2.7. Yat\u0131r\u0131m Yeri Tahsisi<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dayanak:<\/strong>\u00a0Karar Madde 21<\/li>\n\n\n\n<li><strong>De\u011ferlendirme:<\/strong>\u00a0Ankara Anadolu OSB&#8217;de (1. B\u00f6lge) yap\u0131lan yat\u0131r\u0131m i\u00e7in, \u00c7evre, \u015eehircilik ve \u0130klim De\u011fi\u015fikli\u011fi Bakanl\u0131\u011f\u0131 veya Sanayi B\u00f6lgeleri Genel M\u00fcd\u00fcrl\u00fc\u011f\u00fc taraf\u0131ndan belirlenen usullerle yat\u0131r\u0131m yeri tahsis edilebilir. Bu, firmaya arsa maliyetinde \u00f6nemli bir avantaj sa\u011flar.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-454cddae0e088aaedfefced827adf173\"><strong>3. 2026 Y\u0131l\u0131 \u0130\u00e7in Faydalan\u0131lacak Desteklerin \u00d6zet Tablosu<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Destek Unsuru<\/strong><\/td><td><strong>2026 Y\u0131l\u0131 Faydas\u0131 \/ Toplam Hak<\/strong><\/td><td><strong>A\u00e7\u0131klama<\/strong><\/td><\/tr><tr><td>KDV \u0130stisnas\u0131<\/td><td>20.000.000 TL<\/td><td>100 Milyon TL&#8217;lik makine-te\u00e7hizat i\u00e7in.<\/td><\/tr><tr><td>G\u00fcmr\u00fck Vergisi Muafiyeti<\/td><td>3.500.000 TL (Yakla\u015f\u0131k)<\/td><td>70 Milyon TL&#8217;lik ithal makine i\u00e7in. (%5 Vergi Varsay\u0131m\u0131yla)<\/td><\/tr><tr><td rowspan=\"2\"><strong>Vergi \u0130ndirimi<\/strong><\/td><td>Toplam Hak:&nbsp;<strong>94.000.000 TL<\/strong><\/td><td rowspan=\"2\">2026&#8217;da di\u011fer faaliyetlerden elde edilen k\u00e2ra uyguland\u0131. Kalan hak: 79 Milyon TL.<\/td><\/tr><tr><td>2026 Kullan\u0131m\u0131:&nbsp;<strong>15.000.000 TL<\/strong><\/td><\/tr><tr><td rowspan=\"2\">Faiz Deste\u011fi<\/td><td>Toplam Limit:&nbsp;<strong>45.000.000 TL<\/strong><\/td><td rowspan=\"2\">200 Milyon TL kredi i\u00e7in 12 puanl\u0131k destek.<\/td><\/tr><tr><td>2026 Kullan\u0131m\u0131:&nbsp;<strong>24.000.000 TL<\/strong><\/td><\/tr><tr><td>Sigorta Primi \u0130\u015fveren Hissesi Deste\u011fi*<\/td><td>4.860.000 TL*<\/td><td>120 yeni istihdam i\u00e7in y\u0131ll\u0131k destek (8 y\u0131l s\u00fcrecek).<\/td><\/tr><tr><td>Yat\u0131r\u0131m Yeri Tahsisi<\/td><td>Maliyet Avantaj\u0131<\/td><td>OSB&#8217;de arsa tahsisi.<\/td><\/tr><tr><td><strong>2026 YILI TOPLAM F\u0130NANSAL KATKI<\/strong><\/td><td><strong>67.360.000 TL<\/strong><\/td><td>Yat\u0131r\u0131m\u0131n ilk y\u0131l\u0131nda sa\u011flanan nakit ak\u0131\u015f\u0131 ve maliyet avantaj\u0131 toplam\u0131.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Sonu\u00e7<\/strong><strong>:<\/strong>&nbsp;ZTS Biyoteknoloji A.\u015e.&#8217;nin stratejik yat\u0131r\u0131m\u0131, devlet destekleri sayesinde ilk y\u0131l\u0131nda&nbsp;<strong>67 Milyon TL<\/strong>&#8216;yi a\u015fan do\u011frudan bir finansal fayda sa\u011flamaktad\u0131r. Ayr\u0131ca, toplamda&nbsp;<strong>120 Milyon TL<\/strong>&#8216;lik vergi kalkan\u0131 hakk\u0131 ve 8 y\u0131l boyunca sigorta primi deste\u011fi gibi uzun vadeli \u00e7ok \u00f6nemli avantajlar elde etmi\u015ftir. Bu durum, projenin fizibilitesini ve k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 \u00f6nemli \u00f6l\u00e7\u00fcde art\u0131rmakta, T\u00fcrkiye&#8217;nin teknolojik ve ekonomik hedeflerine ula\u015fmas\u0131na katk\u0131 sa\u011flamaktad\u0131r.<\/p>\n\n\n\n<p class=\"has-vivid-red-color has-text-color has-link-color wp-elements-e8cac283c66f331ee68c3f98a8020a23\"><strong>Cevap: Senaryo 2 &#8211;&nbsp;<\/strong><strong>Vergi \u0130ndiriminden Feragat Edilmesi<\/strong><strong><\/strong><\/p>\n\n\n\n<p>ZTS Biyoteknoloji A.\u015e., Stratejik Hamle Program\u0131 kapsam\u0131nda desteklenmeye hak kazanan yat\u0131r\u0131m\u0131 i\u00e7in, nakit ak\u0131\u015f\u0131n\u0131 g\u00fc\u00e7lendirmek amac\u0131yla&nbsp;<strong>vergi indirimi deste\u011finden feragat ederek<\/strong>&nbsp;bunun yerine art\u0131r\u0131lm\u0131\u015f faiz\/k\u00e2r pay\u0131 veya makine deste\u011finden faydalanmay\u0131 tercih etmi\u015ftir.<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-35475fa25e339afaca9f200d2a064c29\"><strong>4. Yasal Dayanak<\/strong><\/p>\n\n\n\n<p>Bu tercihin yasal dayana\u011f\u0131,&nbsp;<strong>Yat\u0131r\u0131mlarda Devlet Yard\u0131mlar\u0131 Hakk\u0131nda Karar&#8217;\u0131n 20. Maddesinin 4. F\u0131kras\u0131n\u0131n (a) bendidir.<\/strong>&nbsp;Bu madde \u00f6zetle \u015funu belirtir:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Firma tescil tarihi, te\u015fvik belgesi m\u00fcracaat tarihinden en fazla bir y\u0131l \u00f6ncesinde olan yat\u0131r\u0131mc\u0131lar (senaryomuzdaki firma bu \u015fart\u0131 sa\u011fl\u0131yor), talep etmeleri halinde vergi indirimi deste\u011finden faydalanmamak kayd\u0131yla,<\/li>\n\n\n\n<li>T\u00fcrkiye Y\u00fczy\u0131l\u0131 Kalk\u0131nma Hamlesi (Stratejik Yat\u0131r\u0131mlar bu kapsamdad\u0131r) kapsam\u0131ndaki komple yeni yat\u0131r\u0131mlarda,<\/li>\n\n\n\n<li>Faiz veya k\u00e2r pay\u0131 deste\u011fi ya da makine deste\u011fi i\u00e7in belirlenmi\u015f olan deste\u011fin\u00a0<strong>sabit yat\u0131r\u0131ma oran\u0131na 5 puan<\/strong>\u00a0ve\u00a0<strong>azami tutara 60 Milyon TL<\/strong>\u00a0eklenmek suretiyle bu desteklerden faydalanabilirler.<\/li>\n<\/ul>\n\n\n\n<p>Bu madde, yat\u0131r\u0131mc\u0131ya bir takas (trade-off) sunar: Uzun vadeli vergi avantaj\u0131ndan vazge\u00e7, yat\u0131r\u0131m\u0131n ba\u015f\u0131ndaki finansman y\u00fck\u00fcn\u00fc hafifletecek daha g\u00fc\u00e7l\u00fc bir nakit deste\u011fi al.<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-9fc5383470927b99d291f130de939fb4\"><strong>5. Destek Unsurlar\u0131n\u0131n Yeni Duruma G\u00f6re Hesaplanmas\u0131<\/strong><\/p>\n\n\n\n<p>Bu tercih, sadece Faiz Deste\u011fi ve Makine Deste\u011fini etkiler. Di\u011fer destekler ayn\u0131 kal\u0131r.<\/p>\n\n\n\n<p><strong>5.1. De\u011fi\u015fen Destek Unsurlar\u0131<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Durum:<\/strong>\u00a0Yat\u0131r\u0131mc\u0131 bu haktan feragat etmi\u015ftir.<\/li>\n\n\n\n<li><strong>2026 Y\u0131l\u0131 Faydas\u0131:<\/strong>\u00a0<strong>0 TL<\/strong><\/li>\n\n\n\n<li><strong>Kaybedilen Toplam Hak:<\/strong>\u00a0\u0130lk senaryoda hesaplanan\u00a0<strong>94.000.000 TL<\/strong>&#8216;lik yat\u0131r\u0131ma katk\u0131 tutar\u0131 (vergi kalkan\u0131) hakk\u0131ndan tamamen vazge\u00e7ilmi\u015ftir.<\/li>\n<\/ul>\n\n\n\n<p>Karar Madde 20(4)(a) uyar\u0131nca hem oran hem de tutar artacakt\u0131r.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Destek Oran\u0131n\u0131n Hesaplanmas\u0131:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Normal Oran (Stratejik Yat\u0131r\u0131m): Sabit yat\u0131r\u0131m tutar\u0131n\u0131n\u00a0<strong>%15&#8217;i<\/strong>\u00a0(Karar Madde 15(3)(b))<\/li>\n\n\n\n<li>Ek Oran:\u00a0<strong>+ 5 Puan<\/strong><\/li>\n\n\n\n<li><strong>Yeni Art\u0131r\u0131lm\u0131\u015f Oran:<\/strong>\u00a0%15 + %5 =\u00a0<strong>%20<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Destek \u00dcst Limitinin Hesaplanmas\u0131:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Normal \u00dcst Limit (Stratejik Yat\u0131r\u0131m):\u00a0<strong>180 Milyon TL<\/strong>\u00a0(Karar Madde 15(3)(b))<\/li>\n\n\n\n<li>Ek Tutar:\u00a0<strong>+ 60 Milyon TL<\/strong><\/li>\n\n\n\n<li><strong>Yeni Art\u0131r\u0131lm\u0131\u015f \u00dcst Limit:<\/strong>\u00a0180.000.000 TL + 60.000.000 TL =\u00a0<strong>240 Milyon TL<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>ZTS A.\u015e. \u0130\u00e7in Proje Bazl\u0131 \u00dcst Limit:<\/strong>\u00a0Yat\u0131r\u0131mc\u0131, bu iki limitten d\u00fc\u015f\u00fck olan\u0131 kadar destek alabilir:<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Sabit Yat\u0131r\u0131m Tutar\u0131 * Yeni Oran = 300.000.000 TL * %20 =\u00a0<strong>60.000.000 TL<\/strong><\/li>\n\n\n\n<li>Yeni Art\u0131r\u0131lm\u0131\u015f Genel \u00dcst Limit =\u00a0<strong>240.000.000 TL<\/strong><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Uygulanacak Azami Destek Tutar\u0131:<\/strong>\u00a0<strong>60.000.000 TL<\/strong><\/li>\n\n\n\n<li><strong>2026 Y\u0131l\u0131 Faydas\u0131:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Y\u0131ll\u0131k faiz deste\u011fi hesaplamas\u0131 de\u011fi\u015fmez. 200 Milyon TL kredi i\u00e7in\u00a0<strong>12 puanl\u0131k<\/strong>\u00a0destekle y\u0131ll\u0131k fayda yine\u00a0<strong>24.000.000 TL<\/strong>&#8216;dir.<\/li>\n\n\n\n<li>Ancak kritik fark, toplamda kullan\u0131labilecek destek tavan\u0131n\u0131n\u00a0<strong>45 Milyon TL&#8217;den 60 Milyon TL&#8217;ye \u00e7\u0131kmas\u0131d\u0131r.<\/strong>\u00a0Bu, yat\u0131r\u0131m\u0131n ilerleyen y\u0131llar\u0131nda \u00f6denecek faizler i\u00e7in\u00a0<strong>15 Milyon TL&#8217;lik ek bir destek potansiyeli<\/strong>\u00a0anlam\u0131na gelir.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>Yat\u0131r\u0131mc\u0131 faiz deste\u011fi yerine makine deste\u011fini se\u00e7seydi, bu destek de ayn\u0131 \u015fekilde art\u0131r\u0131lacakt\u0131.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Yeni Art\u0131r\u0131lm\u0131\u015f \u00dcst Limit:<\/strong>\u00a0Faiz deste\u011finde oldu\u011fu gibi, projenin \u00fcst limiti\u00a0<strong>60.000.000 TL<\/strong>&#8216;ye y\u00fckselmi\u015ftir.<\/li>\n\n\n\n<li><strong>Potansiyel Fayda:<\/strong>\u00a0Birim fiyat\u0131 2 Milyon TL ve \u00fczeri olan makineler i\u00e7in bedelin %25&#8217;i \u00f6denir.\n<ul class=\"wp-block-list\">\n<li>Makine Deste\u011fi Tutar\u0131 = 100.000.000 * %25 =\u00a0<strong>25.000.000 TL<\/strong><\/li>\n\n\n\n<li>Bu tutar, yeni 60 Milyon TL&#8217;lik tavan\u0131n alt\u0131nda kald\u0131\u011f\u0131 i\u00e7in tamam\u0131 al\u0131nabilir. Burada do\u011frudan bir art\u0131\u015f olmasa da, daha y\u00fcksek maliyetli bir makine yat\u0131r\u0131m\u0131 senaryosunda bu y\u00fckselen tavan \u00e7ok \u00f6nemli hale gelecektir.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><\/li>\n<\/ul>\n\n\n\n<p><strong>5.2. De\u011fi\u015fmeyen Destek Unsurlar\u0131<\/strong><\/p>\n\n\n\n<p>A\u015fa\u011f\u0131daki destekler vergi indirimi tercihinden etkilenmez ve ilk senaryodaki gibi hesaplan\u0131r:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>G\u00fcmr\u00fck Vergisi Muafiyeti:<\/strong>\u00a070 Milyon TL&#8217;lik ithal makine i\u00e7in muaft\u0131r. (Yakla\u015f\u0131k\u00a0<strong>3.500.000 TL<\/strong>\u00a0avantaj)<\/li>\n\n\n\n<li><strong>KDV \u0130stisnas\u0131:<\/strong>\u00a0100 Milyon TL&#8217;lik makine-te\u00e7hizat i\u00e7in KDV \u00f6denmez. (<strong>20.000.000 TL<\/strong>\u00a0avantaj)<\/li>\n\n\n\n<li><strong>Sigorta Primi \u0130\u015fveren Hissesi Deste\u011fi:<\/strong>\u00a0120 yeni istihdam i\u00e7in 8 y\u0131l boyunca, y\u0131ll\u0131k yakla\u015f\u0131k\u00a0<strong>4.860.000 TL\u00a0<\/strong>destek devam eder.<\/li>\n\n\n\n<li><strong>Yat\u0131r\u0131m Yeri Tahsisi:<\/strong>\u00a0Avantaj devam eder.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Destek Unsuru<\/strong><\/td><td><strong>2026 Y\u0131l\u0131 Faydas\u0131 \/ Toplam Hak<\/strong><\/td><td><strong>A\u00e7\u0131klama<\/strong><\/td><\/tr><tr><td>KDV \u0130stisnas\u0131<\/td><td>20.000.000 TL<\/td><td>De\u011fi\u015fmedi.<\/td><\/tr><tr><td>G\u00fcmr\u00fck Vergisi Muafiyeti<\/td><td>3.500.000 TL (Yakla\u015f\u0131k)<\/td><td>De\u011fi\u015fmedi.<\/td><\/tr><tr><td><strong>Vergi \u0130ndirimi<\/strong><\/td><td><strong>0 TL<\/strong><\/td><td>Bu haktan tamamen feragat edildi.<\/td><\/tr><tr><td rowspan=\"2\"><strong>Faiz Deste\u011fi (<\/strong><strong>Art\u0131r\u0131lm\u0131\u015f<\/strong><strong>)<\/strong><\/td><td>Toplam Limit:&nbsp;<strong>60.000.000 TL<\/strong><\/td><td rowspan=\"2\">2026 y\u0131l\u0131 kullan\u0131m\u0131 ayn\u0131 kalsa da, toplam destek tavan\u0131&nbsp;<strong>15 Milyon TL artt\u0131.<\/strong><\/td><\/tr><tr><td>2026 Kullan\u0131m\u0131:&nbsp;<strong>24.000.000 TL<\/strong><\/td><\/tr><tr><td>Sigorta Primi \u0130\u015fveren Hissesi Deste\u011fi*<\/td><td>4.860.000 TL*<\/td><td>De\u011fi\u015fmedi.<\/td><\/tr><tr><td>Yat\u0131r\u0131m Yeri Tahsisi<\/td><td>Maliyet Avantaj\u0131<\/td><td>De\u011fi\u015fmedi.<\/td><\/tr><tr><td><strong>2026 YILI TOPLAM F\u0130NANSAL KATKI<\/strong><\/td><td><strong>52.360.000 TL<\/strong><\/td><td>\u0130lk y\u0131lki katk\u0131 (Vergi \u0130ndirimi hari\u00e7) toplam\u0131.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>*NOT: NORMAL \u015eARTLARDA BU DESTEK UNUSURUNDAN FAYDALANILAB\u0130LMES\u0130 \u0130\u00c7\u0130N YATIRIMIN TAMAMLAMA V\u0130ZES\u0130N\u0130N YAPILMI\u015e OLMASI GEREKMEKTED\u0130R. HESAPLAMALARDA KONUYA D\u0130KKAT \u00c7EKMEK A\u00c7ISINDAN \u00d6ZELL\u0130KLE \u0130\u015eLENM\u0130\u015eT\u0130R.<\/strong><\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-230e35312f60f6052d083427507d6f1e\"><strong>6. Kar\u015f\u0131la\u015ft\u0131rma ve Stratejik De\u011ferlendirme<\/strong><\/p>\n\n\n\n<p>Yat\u0131r\u0131mc\u0131n\u0131n bu tercihinin net etkisini g\u00f6rmek i\u00e7in iki senaryoyu kar\u015f\u0131la\u015ft\u0131ral\u0131m.<\/p>\n\n\n\n<p><strong>Kar\u015f\u0131la\u015ft\u0131rma Tablosu: Toplam Potansiyel Destekler<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Destek Unsuru<\/strong><\/td><td><strong>Senaryo 1<\/strong><strong>(<\/strong><strong>Vergi \u0130ndirimli<\/strong><strong>)<\/strong><\/td><td><strong>Senaryo 2<\/strong><strong>(<\/strong><strong>Vergi \u0130ndirimsiz<\/strong><strong>)<\/strong><\/td><td><strong>Fark<\/strong><\/td><\/tr><tr><td>KDV \u0130stisnas\u0131<\/td><td>20.000.000 TL<\/td><td>20.000.000 TL<\/td><td>0<\/td><\/tr><tr><td>G\u00fcmr\u00fck Vergisi Muafiyeti<\/td><td>3.500.000 TL<\/td><td>3.500.000 TL<\/td><td>0<\/td><\/tr><tr><td><strong>Vergi \u0130ndirimi (Toplam Hak)<\/strong><\/td><td><strong>94.000.000 TL<\/strong><\/td><td><strong>0 TL<\/strong><\/td><td><strong>-94.000.000 TL<\/strong><\/td><\/tr><tr><td><strong>Faiz Deste\u011fi (Toplam Limit)<\/strong><\/td><td><strong>45.000.000 TL<\/strong><\/td><td><strong>60.000.000 TL<\/strong><\/td><td><strong>+15.000.000 TL<\/strong><\/td><\/tr><tr><td>Sigorta Primi Deste\u011fi (8 Y\u0131l)<\/td><td>~38.880.000 TL<\/td><td>~38.880.000 TL<\/td><td>0<\/td><\/tr><tr><td><strong>Toplam Potansiyel Destek<\/strong><\/td><td><strong>227.380.000 TL<\/strong><\/td><td><strong>122.380.000 TL<\/strong><\/td><td><strong>-79.000.000 TL<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Stratejik Analiz: Neden Bu Tercih Yap\u0131l\u0131r?<\/strong><\/p>\n\n\n\n<p>Tabloya ilk bak\u0131\u015fta, toplam potansiyel deste\u011fin 105 Milyon TL azalmas\u0131 nedeniyle bu tercihin mant\u0131ks\u0131z oldu\u011fu d\u00fc\u015f\u00fcn\u00fclebilir. Ancak stratejik de\u011ferlendirme farkl\u0131d\u0131r:<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>Nakit Ak\u0131\u015f\u0131n\u0131n \u00d6nceli\u011fi (Cash is King):<\/strong>\n<ul class=\"wp-block-list\">\n<li>Vergi indirimi, \u015firketin\u00a0<strong>k\u00e2r elde etmeye ba\u015flamas\u0131ndan sonra<\/strong>\u00a0faydalanabilece\u011fi bir destektir. Stratejik ve Ar-Ge yo\u011fun yat\u0131r\u0131mlarda k\u00e2rl\u0131l\u0131\u011fa ge\u00e7i\u015f y\u0131llar\u0131 alabilir.<\/li>\n\n\n\n<li>Faiz deste\u011fi ise yat\u0131r\u0131m\u0131n\u00a0<strong>en ba\u015f\u0131nda<\/strong>, finansman y\u00fck\u00fcn\u00fcn en a\u011f\u0131r oldu\u011fu d\u00f6nemde do\u011frudan nakit \u00e7\u0131k\u0131\u015f\u0131n\u0131 azalt\u0131r.<\/li>\n\n\n\n<li>Anka A.\u015e., 120 Milyon TL&#8217;lik gelecekteki belirsiz bir vergi avantaj\u0131 yerine, hemen kullanmaya ba\u015flayabilece\u011fi\u00a0<strong>15 Milyon TL&#8217;lik ek finansman deste\u011fi potansiyelini<\/strong>\u00a0tercih etmi\u015f olabilir.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Finansman Maliyetinin Y\u00fcksekli\u011fi:<\/strong>\n<ul class=\"wp-block-list\">\n<li>E\u011fer faiz oranlar\u0131 \u00e7ok y\u00fcksekse ve kredi vadesi uzunsa, toplam faiz y\u00fck\u00fc \u00e7ok artar. Bu durumda faiz deste\u011finin tavan\u0131n\u0131n y\u00fcksek olmas\u0131, vergi indiriminden daha kritik hale gelebilir. 60 Milyon TL&#8217;lik tavan, 200 Milyon TL&#8217;lik bir kredinin faiz y\u00fck\u00fcn\u00fc \u00f6nemli \u00f6l\u00e7\u00fcde hafifletebilir.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>K\u00e2rl\u0131l\u0131k Beklentisi:<\/strong>\n<ul class=\"wp-block-list\">\n<li>\u015eirket, yat\u0131r\u0131m\u0131n ilk 5-6 y\u0131l\u0131nda Ar-Ge ve pazara giri\u015f maliyetleri nedeniyle vergi matrah\u0131 olu\u015fmayaca\u011f\u0131n\u0131 \u00f6ng\u00f6r\u00fcyorsa, vergi indirimi hakk\u0131 at\u0131l kalacakt\u0131r. Bu durumda bu haktan feragat edip, hemen i\u015fe yarayacak bir deste\u011fi almak daha rasyoneldir.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<p><strong>Sonu\u00e7<\/strong><strong>:<\/strong>&nbsp;Vergi indirimi deste\u011finden feragat etme karar\u0131,&nbsp;bir kay\u0131p de\u011fil,&nbsp;<strong>stratejik bir tercihtir<\/strong><strong>.<\/strong>&nbsp;Uzun vadeli ve k\u00e2rl\u0131l\u0131\u011fa ba\u011fl\u0131 bir destek yerine, k\u0131sa ve orta vadeli, do\u011frudan nakit ak\u0131\u015f\u0131n\u0131 etkileyen bir deste\u011fi g\u00fc\u00e7lendirmeyi ama\u00e7lar. Bu, \u00f6zellikle teknoloji start-up&#8217;lar\u0131, y\u00fcksek bor\u00e7lulukla yat\u0131r\u0131ma giren firmalar ve k\u00e2rl\u0131l\u0131\u011f\u0131n zaman alaca\u011f\u0131 projeler i\u00e7in son derece mant\u0131kl\u0131 bir stratejidir. ZTS Biyoteknoloji A.\u015e. bu karar\u0131yla, yat\u0131r\u0131m\u0131n en k\u0131r\u0131lgan oldu\u011fu ilk y\u0131llar\u0131n\u0131 daha g\u00fcvenli bir finansman yap\u0131s\u0131yla ge\u00e7irmeyi hedeflemi\u015ftir.<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-67e68504207ea61790e1a56aba161317\"><strong>Yasal Dayanaklar:<\/strong><\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>Karar:<\/strong>\u00a0Yat\u0131r\u0131mlarda Devlet Yard\u0131mlar\u0131 Hakk\u0131nda Karar (\u00d6rnek: 29\/5\/2025 tarihli ve 9903 say\u0131l\u0131 Cumhurba\u015fkan\u0131 Karar\u0131)<\/li>\n\n\n\n<li><strong>Tebli\u011f:<\/strong>\u00a0Yat\u0131r\u0131mlarda Devlet Yard\u0131mlar\u0131 Hakk\u0131nda Karar\u0131n Uygulanmas\u0131na \u0130li\u015fkin Tebli\u011f (TEBL\u0130\u011e NO: 2025\/1)<\/li>\n\n\n\n<li><strong>Tebli\u011f Ekleri:<\/strong>\u00a0EK-1, EK-2, EK-3<\/li>\n<\/ol>\n\n\n\n<p><strong>Sayg\u0131lar\u0131m\u0131zla.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"832\" src=\"https:\/\/zetunas.com\/wp-content\/uploads\/2025\/07\/Yapay-Zeka-Tabanli-Saglik-Teknolojileri2-1-1024x832.jpg\" alt=\"\" class=\"wp-image-1341\"\/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Y\u00fcksek Katma De\u011ferli A\u015f\u0131, \u0130la\u00e7, T\u0131bbi Cihaz, Referans Malzeme, Tan\u0131 Kiti Ve Yapay Zek\u00e2 Tabanl\u0131 Sa\u011fl\u0131k Teknolojileri \u00dcretimine Y\u00f6nelik Yat\u0131r\u0131mlar Vergi \u0130ndiriminden Feragat Edilmemesi Vergi \u0130ndiriminden Feragat Edilmesi T\u00fcm Destek Unsurlar\u0131 Y\u00f6n\u00fcnden Detayl\u0131 Kar\u015f\u0131la\u015ft\u0131rma T\u00fcrkiye Y\u00fczy\u0131l\u0131 Kalk\u0131nma Hamlesi, Teknoloji Hamlesi Program\u0131, Yerel Kalk\u0131nma Hamlesi Program\u0131 ve Stratejik Hamle Program\u0131 olmak \u00fczere \u00fc\u00e7 programdan olu\u015fur ve [&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-1337","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\/1337","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=1337"}],"version-history":[{"count":1,"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/posts\/1337\/revisions"}],"predecessor-version":[{"id":1342,"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/posts\/1337\/revisions\/1342"}],"wp:attachment":[{"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/media?parent=1337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/categories?post=1337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/tags?post=1337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}