Open menu
19Aralık2023

Venture Capital Investment Obligation of Companies Operating in R&D and Technoparks

Venture Capital Investment Obligation of Companies Operating in R&D and Technoparks

In the Official Gazette dated December 16, 2023, and numbered 32401, the Decision Annexed to the Presidential Decision dated December 15, 2023, and numbered 7953, was published, determining the amounts and rates specified in the fourteenth paragraph of Article 3 of Law No. 5746 on Support of Research and Development (R&D) and Design Activities and additional Article 3 of Law No. 4691 on Technology Development Zones, and the said decision shall be put into effect in accordance with the provisions of Law No. 5746 and Law No. 4691.

The obligation to allocate a fund and convert the allocated fund into investment applies to corporate income taxpayers benefiting from R&D tax deduction of 2,000,000 TRY and above in their annual declarations, as well as income and corporate income taxpayers with a tax exemption amount of 2,000,000 TRY and above on their annual returns in respect of Teknokent earnings.

According to the regulation:

Article 1

  • The discount amount benefiting from the annual declaration in the fourteenth paragraph of Article 3 of Law No. 5746 dated February 28, 2008, which is 2,000,000 TRY and above, will be applied with a rate of three percent on this amount to be temporarily transferred to a liability account and the limit of the obligation to be transferred on an annual basis will be 100,000,000 TRY.
  • The exemption amount on the annual declaration specified in additional Article 3 of Law No. 4691 dated June 26, 2001, which is 2,000,000 TRY and above, will be applied with a rate of three percent on this amount to be temporarily transferred to a liability account and the limit of the obligation to be transferred on an annual basis will be 100,000,000 TRY.

The provisions of the relevant law shall come into effect on January 1, 2024.

You can access the Official Gazette related to this matter here.

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

Yazar Selma Kıy, 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.

About The Author

Selma Kıy

Certified Public Accountant - SMMM
/tr/mevzuat/item/ar-ge-ve-teknoparklarda-faaliyette-bulunan-firmalarin-girisim-sermayesi-yatirim-yukumlulugu

Diğer Mevzuatlar