16.12.2023/99
The Conditions Regarding the Investment Obligation of Taxpayers Benefiting from Technology Development Zone Earnings Exemption and R&D and Design Discount have been Redefined
By Presidential Decree No. 7953 published in the Official Gazette dated December 16, 2023 and numbered 32401;
- Taxpayers operating in technology development zones and taxpayers benefiting from R&D and design discount;
- 2.000.000 TL and more than 2.000.000 TL of the profit exemption amount they benefit from on their annual income and corporate tax declaration within the scope of the provisional article 2 of the Law No. 4691
- Within the scope of Article 3 of the Law No. 5746, if the amount of R&D and design discount they benefit from on their annual corporate tax return is 2.000.000 TL and above,
- 3% of the exemption/deduction amount will be transferred to a temporary account in liabilities,
- The amount of investment obligation to be transferred in this context will be limited to TL 100,000,000 on an annual basis,
The rates and figures in the relevant Laws have been increased. It is also stated that the said regulation will enter into force on 1/1/2024.
On the other hand, the amount transferred to a temporary account in liabilities pursuant to the provisions of the relevant Laws must be used to purchase the shares of venture capital investment funds established to invest in entrepreneurs residing in Turkey or as capital to entrepreneurs operating in venture capital investment trusts or incubation centers within the scope of Law No. 4691 by the end of the year in which the temporary account is established.
In this framework, a comparison of the previous and new regulation is shown in the table below.
| Terms | Previous Edit | New Regulation |
| Earnings exemption / R&D and design allowance amount utilized on the annual declaration | 1.000.000 TL and above. | 2.000.000 TL and above. |
| Investment liability ratio | %2 | %3 |
| Annual Max. Investment Liability Amount | 20.000.000 TL | 100.000.000 TL |
Sincerely,
BİLGENER
