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

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About The Author

İrem Güner

Senior Client Relations Specialist

https://www.cottgroup.com