With the Law numbered 7263 published on the Official Gazette dated 03.02.2021, companies in R&D region and technology development zones are obliged to allocate funds at the rate of 2% of their earnings, as of 01.01.2022.

The regulations on Technology Development Law no: 4691 are as below:

• As of 01/01/2022, if the exempt earning on the annual tax return of the income taxpayers and corporate taxpayers is 1,000,000 TRY or more, the 2% of this amount would be transferred to a temporary passive account.
• The amount to be transferred is limited to 20,000,000 TRY on annual basis.

Annual income tax returns for 2021 income will be submitted to the relevant tax offices in March 2022. (Deadline is 31 Mar 2021)

The details of the subject are included in the General Communiqué dated 27.05.2020 and serial number 311 published by the Revenue Administration. You can click the link for the details.

The Turkish Revenue Administration has published a new Communiqué (no:319) with regards to the wage / employment income.

Per the article 4 of the Communiqué, the income tax exemption implementation would be as below:

The income tax base which is calculated by deducting the social security premiums from the gross wage, would be exempted from income tax.

If the employee receive wage from more than one employer, the exemption would be applicable for the highest wage.

New regulations on the technology development regions have been published with the Official Gazette numbered 31746 and dated 10.02.2022.

The amendments with regards to the employees working in technology development regions would be summarized as below:

The post-graduate durations would be considered during income tax incentive calculations