28December2021

Regulations on R&D and Technology Region Support

With Law No. 7346 published in the Official Gazette numbered 31700 and dated 25.12.2021, new regulations have come into force for the R&D and technology development employees.

With that new regulation, the income tax exemption can be applicable up to the limit of 20% of the total population or 20% of the total time subject to the incentive for the time performed outside of R&D and technology development regions. The President can increase the rate to 75% per the regional or sectoral developments.

You can reach the Official Gazette via the link (In Turkish.)

Should you have any queries or need further details, please contact your customer representative.

Written by Erdoğdu Onur Erol, Posted in Taxation Law

Notification!

Contents provided in this article serve to informative purpose only. The article is confidential and property of CottGroup^® and all of its affiliated legal entities. Quoting any of the contents without credit being given to the source is strictly prohibited. Regardless of having all the precautions and importance put in the preparation of this article, CottGroup^® and its member companies cannot be held liable of the application or interpretation of the information provided. It is strictly advised to consult a professional for the application of the above-mentioned subject.

Please consult your client representative if you are a customer of CottGroup^® or consult a relevant party or an expert prior to taking any action in regards to the above content.

About The Author

Erdoğdu Onur Erol

HR Compliance Manager

https://www.cottgroup.com