Friday, March 18, 2022
Foreign companies operating in technology development zones by opening companies in Turkey will also be able to benefit from support and incentives such as income tax, corporate tax, VAT, SGK premium, Customs tax, Stamp tax, grants and incentives provided to companies in these regions. . low interest loans.
Will the amount of support provided to R&D, innovation and design activities be considered as income in determining taxable income?
According to Law No. 5746, those engaged in R&D and innovation activities and design activities; Support received from public institutions and organizations, foundations using funds or loans for R&D and innovation projects and design projects, international funds provided by international organizations or public institutions and organizations established within the framework of law or technology development project agreements, a special fund account. This fund is not taken into account in determining the amount of taxable income and R&D or design expenditures made within the relevant year pursuant to Law No. 193 and Law No. 5520. If this fund is transferred or withdrawn to another account, the amounts added to the capital within five years following the accounting period in which it was obtained from the enterprise, which are not accrued from the enterprise on time, except for taxes, are deemed to be wasted.
Grants received for projects within the scope of abolished subparagraph (a) of the first paragraph of Article 10 of Law No. 5520 will be included in the corporate income and will be able to benefit from R&D expenditures. supports. R&D discount.
For information on government support and incentives provided to companies located in technology development zones in Turkey, you can get information from info@karenaudit.com.
Kaynak: GİB
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