- Technology Development Zones (Teknokents) aim to boost technological innovation, support high-tech entrepreneurship, and provide incentives for R&D, design, and software activities.
- Investors in these zones benefit from various supports, including income/corporate tax exemption, VAT exemption, income tax withholding incentives for personnel, employer’s social security premium support, and stamp tax exemption.
- Income/corporate tax and VAT exemptions require a notification procedure; the article discusses this requirement and the tax judiciary’s perspective on violations.
- Tax exemptions apply to income from software, design, and R&D activities conducted exclusively within the zone, and only the portion of income generated in the zone is exempt.
- VAT exemption covers specific software and R&D services produced in the zone until 31/12/2028.
Source: kpmgvergi.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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