Post by amina147 on Mar 5, 2024 22:59:39 GMT -5
The rate used in determining the investment to be made has been increased from % to % of the discount/exception amount used on the annual declaration , The maximum limit of the annual investment liability has been increased from , , TL to , , TL . The effective date of the new regulation mentioned above has been determined as . . , and the mentioned rates and limits will first be applied to R&D and design discounts and technopark income exemptions in the corporate tax returns that must be submitted byYou can access the original version of Presidential Decree No. published in the Official Gazette here.As it is known, with Law No. published in the Official.
Gazette dated a regulation was made to direct % of the R&D and design discount amounts used in income and corporate tax returns and the income exemption amounts in technology Austria Phone Numbers List development zones to venture capital investments. Accordingly, by income and corporate taxpayers whose technocity profits or R&D/Design discount amounts are , , TL and above, which are exempt from the annual declaration as of . . ; Transferring the exempted earnings amount and % of the R&D/Design discount amount to a temporary account in liabilities, by the end of the year in which the temporary account is established, to purchase shares of the venture capital investment fund established to invest in entrepreneurs resident in Turkey, or to be invested as capital in venture capital investment trusts or other entrepreneurs operating in incubation centers within the scope of this Law . The amount liability to be transferred is limited to , , TL on an annual basis.
If the amount in question is not transferred until the end of the relevant year, the earnings exempted from the annual declaration within the scope of the relevant Laws and % of the R&D/Design discount amount will not be subject to income and corporate tax exemption/deduction in the relevant year. Taxes not collected on time due to this amount will be assessed without any tax loss penalty. Although no secondary legislation has been published regarding the % investment obligation introduced by Law No. , the % investment obligation must be completed by . . in order to avoid losing the tax savings provided through the discount/earning exemption declared in the income/corporate tax return.
Gazette dated a regulation was made to direct % of the R&D and design discount amounts used in income and corporate tax returns and the income exemption amounts in technology Austria Phone Numbers List development zones to venture capital investments. Accordingly, by income and corporate taxpayers whose technocity profits or R&D/Design discount amounts are , , TL and above, which are exempt from the annual declaration as of . . ; Transferring the exempted earnings amount and % of the R&D/Design discount amount to a temporary account in liabilities, by the end of the year in which the temporary account is established, to purchase shares of the venture capital investment fund established to invest in entrepreneurs resident in Turkey, or to be invested as capital in venture capital investment trusts or other entrepreneurs operating in incubation centers within the scope of this Law . The amount liability to be transferred is limited to , , TL on an annual basis.
If the amount in question is not transferred until the end of the relevant year, the earnings exempted from the annual declaration within the scope of the relevant Laws and % of the R&D/Design discount amount will not be subject to income and corporate tax exemption/deduction in the relevant year. Taxes not collected on time due to this amount will be assessed without any tax loss penalty. Although no secondary legislation has been published regarding the % investment obligation introduced by Law No. , the % investment obligation must be completed by . . in order to avoid losing the tax savings provided through the discount/earning exemption declared in the income/corporate tax return.
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