Author Moore Turkey

Introduction

Announcement 2025 – 011

Traditional Technopark Exemption / R&D Discount Year-end Reminder

As you know, taxpayers whose discount/exemption amount utilized from the Institution's profit for the year 2024 exceeds 2,000,000 TL;

  • The amount of exception/discount %must be transferred to a temporary account in liabilities until the date the declaration is filed, and by the end of the year (until December 31, 2025), it must be used to purchase shares of venture capital investment funds established to invest in entrepreneurs located in Turkey or to be contributed as capital to entrepreneurs operating in venture capital investment companies or incubators.

Yılsonuna kadar bu yatırımı gerçekleştirmeyen mükellefler, yararlandıkları indirim/istisna tutarının %20’sini (yüzde yirmisini) ilgili yılda (2023 Yılı) istisna/indirime konu edemeyeceklerdir.

Featured topics;

  • Even in the case of commercial loss, the fund obligation still exists if there is a relevant discount/exemption.
  • When investing in a company at an incubation center, the investment should be made through a capital increase. Amounts paid for share purchases will not be considered in the Fund Account.
  • Not every Venture Capital Fund has to be established in Turkey and invest in companies here.
  • If the allocated fund and investment meet the conditions of VUK 325/A, taxpayers are also obligated to make a deduction under KVK Article 10/g in 2024.

You can access the relevant article of the law dated 16.12.2023 with number 32401 at the following link.

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Sincerely