Land and buildings subject to investments covered by the investment incentive certificate are exempt from property tax during the investment period.
Land where the incentive-certified investment is made and buildings under construction are exempt from property tax until the investment is completed. This exemption provides significant annual savings, particularly for industrial investments with large land areas.
Land where the incentive-certified investment is carried out and buildings during the construction period may be exempt from property tax until the investment is completed.
The exemption covers the period until the investment completion visa is obtained. After the completion visa is issued, normal property tax obligations begin.
To benefit from the exemption, the incentive certificate must be reported to the relevant municipality. The municipality will not assess property tax during the investment period. After the investment completion visa is obtained, the property becomes subject to normal property tax obligations.
Property tax is a significant expense item, especially for industrial, logistics, and energy investments with large land areas. The exemption provided during the investment period positively affects cash flow in the pre-revenue stage and strengthens the financial sustainability of the investment.