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In technology development zones, the incentive to withhold income tax has been increased to 50 percent – last minute business news

Time spent by staff in technology development zones, R&D or design centers outside the zone, provided it does not exceed 50 percent of total working time, is treated as part of income tax withholding incentives.

The presidential decision on this matter was published in the Official Journal.

Accordingly, the rate of 20 percent based on the time spent outside the named regions and centers by staff working in technology development zones, R&D or design centers, applicable to the total working time that is subject to the income tax deduction incentive, is 50 percent by December 31, 2022. Implementation decided.

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