Tax Incentives Regarding Research & Development In Turkey

(4) In case of a breach in the conditions or abusing of incentives
and the support components envisaged in this Law, the taxes that
have not been accrued on time shall be considered as tax loss. If the
support components other than tax exemptions, they shall be collected
according to provisions of Law numbered 6183 Concerning the Method
of Collection of Public Receivables, together with a delay surcharge.
(5) Those enterprises that have become entitled to benefit from
deductions, exemptions, support and incentives envisaged in Law
numbered 5746, shall not become separately entitled to benefits of the
same nature provided in Article 89/1-9 of Law numbered 193, article
10/I-(a) of Law numbered 5520 and the relevant provisions in Law
numbered 5084, dated 29.1.2004 Concerning the Encouragement of
Investments and Employment and Introducing Amendments to Certain
Laws.
(6) The procedures and principles relating to the implementation
and supervision of Law no. 5746 shall be determined in regulation which
shall be jointly prepared by the Ministry of Finance and the Ministry of
Industry and Commerce, through consultation with The Scientific and
Technological Research Council of Turkey (TUBITAK).
Amended provisions
ARTICLE 5 - (1) The phrase of “%40 of the research and development
expenses” which was in Article 89/1-9 of Law numbered 193, Article
10/I-(a) of Law numbered 5520 was changed to “%100 of the research
and development expenses”.
Enforcement
ARTICLE 6 - (1) This Law shall enter into force that on which
beginning of the month and shall expire on 31/12/2023
Execution
ARTICLE 7 - (1) The provisions of this Law are executed by Council
of Ministers.
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