IKN Offers Up to Double Tax Deduction for Strategic Contributions

The IKN Authority has launched a supertax deduction scheme that allows a tax reduction of up to twice the amount donated for public, social or non‑profit facilities in the new capital. The scheme is governed by Ministerial Regulation No. 28/2024 and applications are submitted through the Online Single Submission (OSS) system.

Eligible companies must have reported fiscal net income in the previous year’s tax return, ensure the contribution does not cause a loss, possess an automatically issued Fiscal Certificate (SKF), and obtain technical approval from the IKN Authority. Donations may be cash, goods, or construction costs, valued by acquisition cost, fiscal book value, or actual expenses.

Authorities expect the incentive to spur investment, broaden business sectors, and enhance corporate branding by allowing company names on public facilities. The direct fiscal benefit aims to strengthen the investment climate and support sustainable development of IKN.