You can make many new machinery investments with 1% VAT instead of 10% - 20% VAT through leasing financing and also benefit from all other advantages of leasing.
Please find the list of equipment whose VAT is discounted to 1% below.
According to the amendment in Decision no:32 under Law on Protection of the Value of Turkish Currency, there are some limitations about borrowing with foreign money. It is not possible to borrow with foreign currency except for exemptions stated in Decision no: 32. Products with 1% VAT to be purchased through leasing are one of these exemptions. You can borrow foreign currency benefitting from this and other exemptions for purchases you make through leasing.
Exemptions
Click for article of the Law.
The Attached amendment was made in the Decision on Amending the Decision no: 32 on Protection of the Value of Turkish Currency as per the Cabinet Decision numbered 2018/11185 and published in the Official Gazette dated 25.01.2018.
With this amendment, it became a general rule for persons residing in Turkey to obtain foreign currency credit within Turkey must have foreign currency income.
As per the reference by the same decision to 17/A of the main decision, there are some exemptions to this general rule.
In case one or several of such exemptions corresponds to relevant leasing agreement, this general rule will not be applied and borrowing with foreign currency credit can be done:
Selling and buying title deed fees arising out of real estate purchase-buying transactions are held exempt for sell and lease back transactions. The title deed fee is determined as 4.55 per mile instead of 4% when the real estate is purchased by a leasing company. Title deed fee will not be payable during transfer of real estate to the lessee at the end of the term.
Also, the profit earned arising from book value of assets an selling it to Leasing company during sell and lease back transactions is exempted from corporate tax. Please click for details of corporate tax and VAT exemptions.
Decide on your investment and we will offer you payment plan alternatives suitable for your cash flow according to your investment decision.
Let's sign the financial leasing contract after the leasing limit allocated quickly on the payment plan you have decided.
After the signed contract, all purchasing processes related to the equipment are managed by us. Our expert team will support you in all operational processes such as incentives, imports, customs, etc. You will receive your equipment after these processes are completed.
The transfer of ownership of the equipment is carried out when you pay the ownership transfer fee at the end of the payment schedule.
All kinds of joint stock companies, limited liability companies, sole proprietorships, partnerships, self-employed persons (all kinds of persons and organizations authorized to take legal action) and commercial enterprises can benefit from all the conveniences and advantages by choosing leasing in their investments.
Provided that the investment sub-amount is met, investments included in the incentive certificate are included in the leasing, and the advantages and exemptions within the scope of the incentive are utilized.
All costs that may occur are included in the payment plan, depending on the customer's request.
You can make your leasing payments in Turkish Lira or in USD or EUR by taking advantage of the exceptions in the Law No. 32
Yes, you can. Even if you are not a bank customer, we help you with your leasing requests.
No, it will be not affected. A limit is provided independent of your limits in the bank.
To see the equipment with 1% VAT please click.
No, leasing payments cannot be used as an expense. Only the interest portion is shown as an expense.