28Aralık2023

Extension in R&D Incentives

Within the scope of the Presidential Decree No. 8004 published in the Official Gazette No. 32413 dated December 28, 2023, the determined incentive rate application for technology employees has been extended until December 31, 2024.

The scope of incentives was briefly outlined in the previous regulation (before extension) as follows:

From April 1, 2023 to December 31, 2023 (inclusive), a one hundred percent (100%) incentive will be applied to information technology employees, as determined by the Ministry.
For employees not covered in the aforementioned category, a seventy-five percent (75%) incentive will be applicable until December 31, 2023 (inclusive).

You can reach the Presidential Decree via that link (In Turkish).

You can reach the Ministry announcement via that link (In Turkish).

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

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

Yazar Erdoğdu Onur Erol, Kategori Taxation Law

Notification!

The content in this article is for general information purposes only and belongs to CottGroup^® member companies. This content does not constitute legal, financial, or technical advice and cannot be quoted without proper attribution.

CottGroup^® member companies do not guarantee that the information in the article is accurate, up-to-date, or complete and are not liable for any damages that may arise from errors, omissions, or misunderstandings that the information may contain.

The information presented here is intended to provide a general overview. Each specific case may require different assessments, and this information may not be applicable to every situation. Therefore, before taking any action based on the information provided in the article, it is strongly recommended that you consult a competent professional in the relevant fields such as legal, financial, technical, and other areas of expertise. If you are a CottGroup^® client, do not forget to contact your client representative regarding your specific situation. If you are not our client, please seek advice from an appropriate expert.

To reach CottGroup^® member companies, click here.