The income obtained from R&D, software and design activities in technology development zones are exempt from income and corporate tax, according to the Technology Development Zones Law No. 4691. Is it possible to benefit from R&D and design discounts regarding these earnings? (In Turkey)
The income obtained from R&D, software and design activities in technology development zones are exempt from income and corporate tax, according to the Technology Development Zones Law No. 4691. Is it possible to benefit from R&D and design discounts regarding these earnings?
Since taxpayers who prefer to benefit from the incentives in the Law No. 4691 cannot benefit from the incentives in the implementation of the Law No. 5746, they cannot benefit from R&D and design discounts as well.
However, if it is preferred and the conditions are met, it is possible to benefit from the supports in Law No. 5746.
Source: GİB
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
