What will happen if the R&D and design projects are not completed and fail?
In cases where the completion of the projects is not possible due to compulsory reasons or if no economic asset is formed due to the failure of the project, the amounts made within the scope of R&D, innovation and design activities and capitalized in the previous years are recorded as an expense directly.
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 Karen Audit 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.
