Presidential Decree No. 7300 on the extension of the application and first installment payment periods in the Law No. 7440 on Restructuring of Certain Receivables and Amending Certain Laws was published in the Official Gazette dated May 26, 2023 and numbered 32202.

Within the scope of the relevant decision, the application period has been extended until June 30, 2023 for the transactions to be made within the scope of the Law No. 7440 on the Restructuring of Certain Receivables and the Amendment of Certain Laws.

Transactions subject to extension according to the Presidential Decree are as follows:

A new update regarding The Technology Region, R&D and Design Centers income tax incentive has been published on the Official Gazette dated April 20, 2023 and numbered 32169.

The scope of the related article can be summarized as below:

According to the Article 2 of Industrial Registry Law No. 6948 (In Turkish), industrial businesses must be registered to industrial registry and receive a registration certificate.

Companies, which have industrial registry certificate, are required to declare their "Annual Operating Statements” including the information that belongs to preceding year within the first four months of every year.

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.