21July2022

Update on R&D and Technology Region Incentives

With the Official Gazette dated 21.07.2022 and numbered 31899; a Presidential update has been published with regards to the employees working remotely under the scope of technology development and R&D regions.

With that decision; the income tax incentive time rate that is applied for the time performed outside of R&D and technology development regions, will be applied as 75% until 31.12.2023 for the R&D and technology development employees.

Based on that, the Presidential decision dated 16.01.2021 and numbered 4625 has been abolished.

You can reach the related Official Gazette via that link. (In Turkish)

Should you have any queries or need further details, please contact your customer representative.

Author Erdoğdu Onur Erol, Category Taxation Law

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