Miller Magazine Issue: 128 August 2020

72 ARTICLE MILLER / August 2020 the product group and is at most 2 years. The product brought to the licensed warehouse is sto- red after the analysis and classification by the Authorized Classifier laboratory authorized by the Ministry of Com- merce and an Electronic Warehouse Receipts (ELÜS) is issued by the licensed warehouse company. The depo- sitor holding electronic warehouse receipts can get his products from the warehouse on demand and sell at the Commodity Exchange of Turkey (TÜRİB) platform in the electronic environment, national or international market or to the Turkish Grain Board (TMO). Electronic warehouse receipts issued against the products stocked by producers, traders, and industrialists can be pledged to obtain credit from financial institutions. The government provides various support and incentives to businesses that will invest in this field, to the deposi- tors who deliver products to licensed warehouses and to traders and industrialists who buy and sell products from licensed warehouses. In this context, licensed warehouse businesses that will invest in licensed warehousing are provided with a 50% interest discount for up to 50 million TL for their invest- ment periods. In addition, licensed warehouse investments are included among the investment subjects that will benefit from re- gional supports. All licensed warehouse businesses to be established in regions 1-2-3-4-5 shall be considered in the 5th region and licensed warehouse enterprises to be established in the 6th region shall be considered in its own region. In this context; VAT exemption, tax deducti- on, insurance premium employer's share support, income tax withholding support, insurance premium support and interest support will be provided. For depositors who deliver products to licensed wa- rehouses; in case they store their products in licensed warehouses, 25 TL per ton shipping support for each product group and 25 TL analysis fee per lot for the analyzes to be made by authorized classifiers is being given to the farmers registered in the Turkish National Registry of Farmers (ÇKS) up to an upper limit of TL 750. In case they use credits in exchange for Electronic Warehouse Receipts (ELÜS) a 100% interest support up to 75% of the bill amount with a maximum term of 9 months is being given. Additional rent support of 6 TL for wheat, barley, rye, oats, corn, paddy, rice, lentils, chickpeas, beans, peas, sunflower, 14 TL for cotton, 20 TL for olive, olive oil, hazelnuts, dried apricots, raisins, pistachios lease support is being given for a maximum period of 6 months. Besides, if they sell their products in licensed warehouses through electronic warehouse receipts, an exemption for agricultural withholding tax of 2% is being provided. For real and legal persons (trader-industrialists) who