Turkey has implemented the research and development (R&D) incentives reform package that was announced earlier in the year. The package is implemented under Law No. 6676, which was published in the Official Gazette on 26 February 2016.
One of the key aspects of the reform is the provision for the establishment of special technology development centers with a number of benefits, including:
- A corporate tax exemption for income from R&D activities until the end of 2023;
- An income tax e…