Companies established in Technology Development Zones (techno parks) and Research and Development (R&D) Centers in Türkiye benefit from certain incentives as outlined in this Alert. Specifically, the ratio for the time spent outside of techno parks and R&D Centers was increased to 75% from 50%. This ratio is applicable with respect to the total number of personnel or total time spent by personnel, for the purposes of the income withholding tax incentive on wages. Taxpayers meeting the requisite conditions may benefit from the various tax incentives.Türkiye’s Presidential Decision No. 5806, published in the Official Gazette dated 21 July 2022, increases...