Government Support to SASA's New Investment

SASA Polyester Sanayi AŞ (SASA) has announced that it was entitled to receive an incentive certificate for the installation of a turnkey Rooftop Self-Consumption Solar Power Plant (SPP) on the roofs of its buildings in its central area in Adana, with an investment amount of 11 million 350 thousand dollars. It was said in the statement made by the company to the Public Disclosure Platform (KAP), "The investment amount subject to the incentive is 336 million 65 thousand 800 liras and the elements of the incentive that the investment will benefit from are as follows: VAT exemption, Corporate Tax discount (tax discount rate is 70 percent, investment contribution rate is 30 percent), and six-year insurance premium employer’s share support."

News Source: Bloomberg HT

Link to the News: https://l24.im/TSfLoyK