{"id":1465,"date":"2026-01-16T15:56:39","date_gmt":"2026-01-16T15:56:39","guid":{"rendered":"https:\/\/zetunas.com\/?p=1465"},"modified":"2026-01-16T15:56:39","modified_gmt":"2026-01-16T15:56:39","slug":"yatirim-tesviklerinde-devir-islemleri-artik-eskisi-gibi-olmayacak","status":"publish","type":"post","link":"https:\/\/zetunas.com\/index.php\/2026\/01\/16\/yatirim-tesviklerinde-devir-islemleri-artik-eskisi-gibi-olmayacak\/","title":{"rendered":"Yat\u0131r\u0131m Te\u015fviklerinde Devir \u0130\u015flemleri Art\u0131k Eskisi Gibi Olmayacak!"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

KR\u0130T\u0130K UYARI: Yat\u0131r\u0131m Te\u015fvik Belgesi Devirlerinde 10 Y\u0131l Geri Say\u0131m\u0131 Ba\u015flad\u0131!

De\u011ferli i\u015f d\u00fcnyas\u0131 liderleri, M&A profesyonelleri ve finans y\u00f6neticileri, Yeni Kurumlar Vergisi tebli\u011fi, sadece yeni yat\u0131r\u0131mlar\u0131 de\u011fil, ayn\u0131 zamanda mevcut yat\u0131r\u0131mlar\u0131n el de\u011fi\u015ftirmesini de derinden etkileyen, sat\u0131r aras\u0131nda kalm\u0131\u015f bir “saatli bomba” i\u00e7eriyor.

\u015eirket birle\u015fmesi, b\u00f6l\u00fcnmesi veya sat\u0131\u015f\u0131 yoluyla yat\u0131r\u0131m te\u015fvik belgesi devretmeyi veya devralmay\u0131 planl\u0131yorsan\u0131z, bu de\u011fi\u015fikli\u011fi bilmemek size pahal\u0131ya patlayabilir.

\u0130\u015fte devir i\u015flemlerinde d\u00fcn\u00fc ve bug\u00fcn\u00fc de\u011fi\u015ftiren o keskin viraj:

\u23f3\u00a0D\u00dcN (Mevcut Sistem): S\u00fcresiz Hak Devri

Eski uygulamada, bir YATIRIM FAAL\u0130YETE GE\u00c7T\u0130KTEN SONRA devredildi\u011finde, hem devreden hem de devralan i\u00e7in bir\u00a0s\u00fcre s\u0131n\u0131r\u0131 yoktu.

Devreden \u015eirket:\u00a0Devir tarihine kadar, s\u00fcre k\u0131s\u0131t\u0131 olmaks\u0131z\u0131n indirimli vergi hakk\u0131n\u0131 kullan\u0131rd\u0131.

Devralan \u015eirket:\u00a0Devir tarihinden sonra, kalan vergi avantaj\u0131n\u0131n tamam\u0131n\u0131 bitirene kadar,\u00a0zaman s\u0131n\u0131r\u0131 olmaks\u0131z\u0131n\u00a0bu haktan faydalanmaya devam ederdi.

YORUM:\u00a0Bu esneklik, devir i\u015flemlerinde te\u015fvik belgesini de\u011ferli bir “s\u00fcresiz varl\u0131k” haline getiriyordu. Devralan \u015firket i\u00e7in \u00f6ng\u00f6r\u00fclebilir ve uzun vadeli bir vergi avantaj\u0131 anlam\u0131na geliyordu.

\u23f1\ufe0f\u00a0BUG\u00dcN (Yeni Sistem): Miras Al\u0131nan S\u00fcre S\u0131n\u0131r\u0131

Yeni tebli\u011f, bu s\u00fcresiz hakk\u0131 ortadan kald\u0131r\u0131yor ve yerine kat\u0131 bir kural getiriyor:

“24\/7\/2025 tarihinden itibaren al\u0131nan te\u015fvik belgelerinde ise, yat\u0131r\u0131m\u0131 devreden ve devralan i\u00e7in\u00a0birlikte toplam on y\u0131ll\u0131k s\u00fcreyle s\u0131n\u0131rl\u0131 olmak kayd\u0131yla\u00a0… indirimli oranda kurumlar vergisi uygulanacakt\u0131r.”

YORUM:

S\u00fcre S\u0131f\u0131rlanm\u0131yor:\u00a0Devralan \u015firket, te\u015fvik hakk\u0131 i\u00e7in temiz bir sayfa a\u00e7m\u0131yor. S\u00fcre sayac\u0131, ilk yat\u0131r\u0131mc\u0131n\u0131n yat\u0131r\u0131m\u0131 i\u015fletmeye ba\u015flad\u0131\u011f\u0131 tarihten itibaren i\u015flemeye devam ediyor.

Miras Al\u0131nan Kronometre:\u00a0Devralan, sadece kalan vergi avantaj\u0131n\u0131 de\u011fil, ayn\u0131 zamanda o avantaj\u0131 kullanmak i\u00e7in\u00a0kalan s\u00fcreyi de\u00a0miras al\u0131yor.

Due Diligence’\u0131n Yeni Maddesi:\u00a0Art\u0131k bir \u015firketi devral\u0131rken, te\u015fvik belgesinin sadece kalan katk\u0131 tutar\u0131n\u0131 de\u011fil, o tutar\u0131 kullanmak i\u00e7in\u00a0ne kadar s\u00fcre kald\u0131\u011f\u0131n\u0131 da\u00a0hesaplamak zorundas\u0131n\u0131z.

\u00d6rnek:

(A) \u015eirketi 2026’da yat\u0131r\u0131m\u0131n\u0131 i\u015fletmeye ba\u015flad\u0131 (10 y\u0131ll\u0131k s\u00fcre ba\u015flad\u0131).
4 y\u0131l sonra, 2030’da, yat\u0131r\u0131m\u0131 (B) \u015eirketine devretti.

ESK\u0130 S\u0130STEMDE:\u00a0(B) \u015eirketi, kalan hakk\u0131 bitene kadar, \u00f6rne\u011fin 2040’a kadar bile kullanabilirdi.

YEN\u0130 S\u0130STEMDE:\u00a0(B) \u015eirketinin bu hakk\u0131 kullanmak i\u00e7in sadece\u00a06 y\u0131l\u0131 (2035 sonuna kadar)\u00a0kalm\u0131\u015ft\u0131r. 10 y\u0131ll\u0131k toplam s\u00fcrenin 4 y\u0131l\u0131n\u0131 devreden \u015firket kullanm\u0131\u015ft\u0131r.

SONU\u00c7:\u00a0Bu de\u011fi\u015fiklik ile \u015eirket de\u011ferleme raporlar\u0131nda, birle\u015fme\/devralma m\u00fczakerelerinde ve i\u00e7 yeniden yap\u0131lanma kararlar\u0131nda, te\u015fvik belgelerinin “kalan \u00f6mr\u00fc” art\u0131k kritik bir pazarl\u0131k ve planlama unsuru haline gelmi\u015ftir.

(04.09.2025 tarih ve 33007 say\u0131l\u0131 Resmi Gazetede yay\u0131mlanan 24 seri nolu tebli\u011f ile ayn\u0131 g\u00fcn y\u00fcr\u00fcrl\u00fc\u011fe girmi\u015ftir.)<\/p>\n\n\n\n

https:\/\/www.linkedin.com\/posts\/samet-hac%C4%B1saliho%C4%9Flu-7b52a81b9_vergi-teagnvik-mergersandacquisitions-activity-7367077297092227072-4dcd?utm_source=share&utm_medium=member_desktop&rcm=ACoAADLETHkBo7W5WV4LoRmhYdIARpF79rFeJP0<\/a><\/p>\n\n\n\n

Sayg\u0131lar\u0131m\u0131zla.<\/p>\n","protected":false},"excerpt":{"rendered":"

KR\u0130T\u0130K UYARI: Yat\u0131r\u0131m Te\u015fvik Belgesi Devirlerinde 10 Y\u0131l Geri Say\u0131m\u0131 Ba\u015flad\u0131! De\u011ferli i\u015f d\u00fcnyas\u0131 liderleri, M&A profesyonelleri ve finans y\u00f6neticileri, Yeni Kurumlar Vergisi tebli\u011fi, sadece yeni yat\u0131r\u0131mlar\u0131 de\u011fil, ayn\u0131 zamanda mevcut yat\u0131r\u0131mlar\u0131n el de\u011fi\u015ftirmesini de derinden etkileyen, sat\u0131r aras\u0131nda kalm\u0131\u015f bir “saatli bomba” i\u00e7eriyor. \u015eirket birle\u015fmesi, b\u00f6l\u00fcnmesi veya sat\u0131\u015f\u0131 yoluyla yat\u0131r\u0131m te\u015fvik belgesi devretmeyi veya […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-1465","post","type-post","status-publish","format-standard","hentry","category-mevzuat"],"_links":{"self":[{"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/posts\/1465","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=1465"}],"version-history":[{"count":1,"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/posts\/1465\/revisions"}],"predecessor-version":[{"id":1467,"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/posts\/1465\/revisions\/1467"}],"wp:attachment":[{"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/media?parent=1465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/categories?post=1465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zetunas.com\/index.php\/wp-json\/wp\/v2\/tags?post=1465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}