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Tax Incentives and Exceptions

Incentives and exceptions granted by Law No. 5746:
  • Income Tax Withholding Incentive: R&D and support personnel working in technology centers; the income tax calculated over the wages they receive in return for their work;
  • Income Tax Withholding Incentive: The income tax calculated on the wages of R&D and support personnel working in technology centres in return for their work;
    • 95% for those who have a PhD or at least a master's degree in one of the fields of Basic Sciences,
    • 90% for those with a master's degree or a bachelor's degree in one of the basic sciences,
    • For others, 80% is tax deductible.
  • Insurance Premium Support (Employer's Share Support): 50% of the employer's share of the insurance premium calculated over the wages of R&D and support personnel working in technology centers in return for their work on R&D and innovation activities is covered.
  • Stamp Duty Exemption: Papers issued in relation to all kinds of R&D and innovation activities within the scope of Law No. 5746 are exempt from stamp tax.
  • Customs Duty Exemption: Goods imported to be used in researches related to R&D, innovation and design projects, customs duty and all kinds of funds, papers issued in this context and transactions made are exempt from stamp duty and fee.
  • Basic Sciences Support: R&D centers employing R&D personnel with at least a bachelor's degree in the fields of the program to be supported, the monthly gross amount of the monthly wage paid to each of these personnel, equal to the monthly gross amount of the minimum wage applied for that year, for a period of two years. It is covered from the appropriation to be placed in the budget of the Ministry. However, the support to be provided to each R&D center in this context cannot exceed ten percent of the total number of personnel employed in the R&D center in the relevant month.