On 21 April 2015, Turkey published General Communiqué No. 8 in the Official Gazette. The Communiqué amends General Communiqué No. 1 on Corporate Income Tax and provides instruction for the implementation of Article 5(b) of the Corporate Income Tax Law (CITL), which was introduced by Law 6518 enacted on 6 February 2014. Article 5(b) provides for a 50% corporate income tax exemption for earnings derived from the use of inventions created through research, development and innovation activities and software development carried out in Turkey, when such inventions have been granted a patent or utility model certificate. The qualifying earnings sources...