Turkey Gazettes General Communique on Technology Development Zones, R&D Personnel Tax Incentives

The Turkish Official Gazette Sept. 4 published Communique No. 331, on tax incentives related to Technology Development Zones and R&D. The communique includes measures clarifying that: 1) through Dec. 31, 2028, the part of the salaries of R&D, design, and support personnel working in Technology Development Zones not exceeding 40 times the gross minimum wage, is reduced by the tax corresponding to the minimum wage exemption, with the remaining tax deducted from the tax accrued through the filed monthly declaration; 2) a stamp duty exemption applies to the portion of the documents issued for wages that doesn’t exceed 40 times ...