On 28 November 2006, a Decree was published in the Official Gazette granting various tax benefits, including a research and development (R&D) tax credit.
The tax benefit is granted to income tax taxpayers who are authorized by the "Committee for the application of the tax benefit to expenses and investments in technological research and development" to enjoy the benefit established in Art. 219 of the Income Tax Law for an amount equal to, or over, 7% of th…