Additional Corporate Income Tax Deduction for R&D and Design Centers Re-Regulated and RUSF Rate for Foreign Loans Obtained by Financial Leasing Companies Set as Zero
Presidential Decree No. 6652, published in the Official Gazette dated 10 January 2023, re-regulated the additional corporate income tax deduction for R&D and design centers while Presidential Decree No. 6657 set as zero the resource utilization support fund (RUSF) rate for loans obtained from abroad by financial leasing companies.
What Do the Decrees Mean?
- The corporate income tax deduction for R&D and design centers used to be regulated by the Council of Ministers’ Decree No. 2016/9092 dated 1 January 2016.