Tax Advantages In Turkey: R&D

In line with its high economic growth and its transformation in to an economic hub in its region, Turkey is recently investing alot to transform itself in to a center of high tech and R&D. Turkish economy which is currently capable of producing mid-tech electronic consumer goods has to transform itself into a high-tech producing economy in order to continue its economic growth on a more sustainable basis. The R&D capability is a key for such transformation and Turkey has lately been investing alot to shift its economy to that direction. The latest investment incentive scheme that was adopted in 2012 which categorized the entire country under six different regions and provide tax and customs duties exemptions in various different degrees depending on the region and the industry that the investments are made, is especially geared towards promoting more R&D in the country. Within the given context of this R&D promotion in Turkey the investment scheme provides the investors