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ARTICLE · 16 MARCH 2022

Fund Allocation Obligation In R&D Centers And Technology Development Zones

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The amount to be transferred is limited to 20,000,000 TRY on annual basis.

TurkeyTax
Erdoğdu Onur Erol
Erdoğdu Onur Erol

With the Law numbered 7263 published on the Official Gazatte dated 03.02.2021, companies in R&D region and technology development zones are obliged to allocate funds at the rate of 2% of their earnings, as of 01.01.2022.

The regulations on Technology Development Law no: 4691 are as below:

  • As of 01/01/2022, if the exempt earning on the annual tax return of the income taxpayers and corporate taxpayers is 1,000,000 TRY or more, the 2% of this amount would be transferred to a temporary passive account.
  • The amount to be transferred is limited to 20,000,000 TRY on annual basis.
  • Until the end of the year in which the temporary passive account is created, the taxpayers are obliged to purchase the shares of venture capital investment funds established to invest in entrepreneur resident in Turkey, or to invest in venture capital investment trusts or other entrepreneurs operating as business incubator centers within the scope of this Law.

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