March 5, 2022
According to Law No. 5746, those engaged in R&D and innovation activities and design activities; Public institutions and organizations, foundations that use funds or credits to support R&D and innovation projects and design projects from international institutions or public institutions and organizations established by law or within the scope of technology development project agreements, and supports received from international funds are kept in a special fund account. This fund is not taken into account in determining the taxable income and the amount of R&D or design expenditure made in the relevant year according to Law No. 193 and Law No. 5520. In the event that this fund is transferred to another account or withdrawn from the enterprise in any way other than addition to the capital within five years following the accounting period in which it was obtained, the taxes not accrued on time shall be deemed to have been lost.
The grants received for the projects within the scope of the abolished subparagraph (a) of the first paragraph of Article 10 of the Law No. 5520 will be included in the corporate income and the R&D expenditures covered by these supports will be able to benefit from the R&D deduction.
