04April2023

Update on R&D and Technology Region Incentives Under the Emergency State

With the Official Gazette dated the 31st of March 2023 and numbered 32149; Presidential Decision with the number 7015 has been published regarding the technology development and R&D regions under the emergency state.

With that decision, in the calculation of the income tax withholding incentive within the scope of the “Technology Development Zones Law” with the number 4691 and the “Supporting Research, Development, and Design Activities Law” with the number 5746, the income tax incentive rate that is applied for the time performed outside of R&D and technology development regions, will be applied as a hundred percent (for the whole working period) during the period of emergency state in the provinces were affected by the earthquake and declared as the state of emergency as of 6th February 2023.

You can reach the related Presidential Decision via the link. (In Turkish)

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

Written by İrem Güner, Posted in Social Security Law and Legislation, 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

İrem Güner

Senior Client Relations Specialist

https://www.cottgroup.com

/tr/mevzuat/item/ohal-kapsaminda-ar-ge-ve-teknokent-tesvikinde-guncelleme