یزدفردا

LAW OF THE TECHNOLOGY DEVELOPMENT REGIONS - TURKEY
     (Law No. 4691 / Date of Acceptance: 26.6.2001)

Definitions
a) Ministry: Ministry of Industry and Commerce,
…
l) Managing Company: The company which is founded in accordance with this Law and as a joint stock company and which is responsible for the administration and management of the Region,
Support and exemptions
Article 8 - The provision of land which is necessary for the establishment of the regions, infra-structure and construction of Management building and the amounts of expenses that are not covered by managing companies can be covered by the subsidy of the ministry in a limited way.
The managing company is exempt from all kinds of tax, picture and expenses in the transactions related to the enforcement of this law. From the regions that run Waste Water Distillation Plant the municipals do not take cost for waste water. The income that the tax payers of the region have obtained from the production activities based on software and R&D is exempt from all kinds of income and institution tax for five years after their functioning. The Council of Ministry can extend time up to ten years for certain technological areas that are chosen and targeted at.
The payment of R&D personnel, researchers, software engineers is exempt from all kinds of tax for ten years starting from the foundation date of the region.
The sum of donations and aid given to people and institutions by the taxpayers of Income and Institutions as sponsorship in return for a receipt is subject to reduction by abiding by the principles and proportion as indicated in Article 89, 2. sub-paragraph of Law of Income and Tax. No 1193 and Article 14, 6. sub-paragraph of Law of Institutions No. 5422.