OrbitaxOrbitax

Turkey Announces R&D Incentives Reform Package

|Proposed Changes|Turkey
Turkey

On 14 January 2016, Turkey's Prime Minister Ahmet Davutoğlu announced a package of reform measures to promote research and development (R&D) activities in the country. Some of the key measures include:

  • The minimum number of employees required to benefit from R&D incentives will be reduced from 30 to 15;
  • The government will finance a portion of R&D employees' salaries up to the minimum wage for two years;
  • Government support will be provided to cover 50% of the cost of machinery an…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.