OrbitaxOrbitax

Turkey Amends Venture Capital Fund Investment Requirements for Beneficiaries of Technology Development Zone and R&D Deduction Incentives

|Approved Changes|Turkey
Turkey

Turkey published Presidential Decision No. 7953 in the Official Gazette on 16 December 2023, which amends the venture capital fund investment requirements for taxpayers operating in technology development zones (TDZs) under Law No. 4691 on Technology Development Zones. As part of the conditions for benefiting from TDZ incentives, taxpayers must allocate a percentage of exempted earnings into a…

Continue Reading