As part of Türkiye's goal of reaching 20,000 megawatts (MW) of installed nuclear power capacity by 2050, a new package of investment incentives has been introduced, according to multiple media reports on Thursday.
Under amendments added to an omnibus bill, nuclear power plant investments will be exempt from stamp duty and VAT, reducing the financial burden on investors.
Four new articles, signed by ruling Justice and Development (AK Party) lawmakers, have been added to the 30-article economic omnibus bill currently being discussed by Parliament's Planning and Budget Commission. The bill also includes a proposal to increase the minimum pension to TL 23,552 ($500).
The new provisions are aimed at providing tax incentives for Türkiye's nuclear energy investments.
According to the proposed amendment, documents prepared during the investment process by companies holding preliminary licenses or operating licenses to generate electricity from nuclear power plants will be exempt from stamp duty, the reports said. As a result, documents related to transactions with public institutions, the purchase of goods and services, financing arrangements, and investment loans carried out as part of these projects will not be subject to the stamp duty.
