MONITORING OF R&D EXPENDITURES IN RECORDS
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Our country's ability to become a country that has advanced technology and produces these technologies, in the long term The success of research and development (R&D) activities, which is a high-yield but expensive endeavor.
depends. The protection and development of competitiveness increases the importance of R&D in enterprises. and regulatory organizations to pay due attention to R&D activities
Depends on enough support. In this context, the knowledge and technological infrastructure of the economy in order to strengthen, encourage entrepreneurship and focus businesses on investment and production
Some incentives, discounts and incentives to support R&D expenditures of enterprises directly and indirectly. supports are arranged.
Taxpayers seek new technology and knowledge exclusively within their businesses.
R&D discount to be calculated at the rate of 100% of the amount of research and development expenditures for in determining the amount of the corporate tax base; separately on the corporate tax return
Provided that they show, they can make a deduction from the corporate earnings. R&D expenses that are required to be fulfilled by the taxpayers in order to be deducted from the corporate income There are applications.
R&D Activities
Research and Development concept; literally "the effect and efficiency of a product or a study, It is defined as detailed research done by experts to ensure its development ”(TDK).
R&D activities are counted as specific subjects. What are these activities?
❖ In order to eliminate the uncertainties in scientific and technological fields and to enlighten them, Obtaining new technical information that will enable the development of science and technology,
❖ Research or development of new production methods, processes and processes,
❖ New products, substances and materials, tools, tools, processes, systems with new methods development, design and drawing studies and production of new techniques and prototypes,
❖ New products that reduce the cost, increase the quality, standard or performance of a product researching techniques / technologies,
❖ Software activities based on new and original design.
R&D Expenditures
R&D expenditures are capitalized and depreciated related to the above-mentioned activities. are expenses that are amortized through or directly recorded as expenses. Institution of R&D expenditures which have the feature that taxpayers have to fulfill in order to be deducted from their income There are applications. R&D expenditures of taxpayers' expenditures above all elseEstablishing a separate R&D department within their business in order to be evaluated within the scope of is required. R&D expenditures mainly consist of the following expenditure groups;
❖ Raw material and material expenses: All kinds of direct raw materials, auxiliary materials, business materials, intermediate products, spare parts and similar expenses and depreciation
❖ Includes expenses related to non-tangible and intangible assets acquisitions.
❖ Personnel Expenses: Employee and activity required for the execution of R&D activities. These are the wages accrued for the qualified personnel and the expenses of this nature.
❖ General Expenses: Electricity, water, gas, maintenance-repair in order to carry out R&D activities,maintenance and repair of machinery and equipment used in communication, transportation and R&D activities other expenses incurred to ensure the continuity of R&D activities, such as repair expenses covers.
❖ Outside Benefits and Expenses: Related to R&D activities, or receiving professional or technical support from other foreign institutions and organizations or to payments made in relation to the analyzes made and other payments of this nature.
❖ Taxes, Duties and Fees: Directly related to R&D activities and corporate tax It covers in-kind taxes, duties and charges that are considered as expense in determining the tax base.
❖ Depreciation and Depletion Shares: Building, machinery-facility used directly in R&D activities and for tangible and intangible assets such as appliances, vehicles, flooring and fixtures consists of depreciation and depreciation shares.
❖ Financing Expenses: Procurement from domestic, foreign and international institutions on the basis of R&D projects. are the financing expenses of the loans obtained.
Monitoring R&D Expenditures in Records
Institutions, during the fiscal period, their research on intangible rights and they have to capitalize all development expenditures. However, for intangible rights expenditures that do not have to be capitalized under the provisions of the Tax Procedure Law Expense can be written directly. Whether it is capitalized or directly written off, 100% R&D discount will be calculated separately over all R&D expenditures and the discount subject will be made.
R&D Discount amount that could not be deducted due to insufficient earnings in the relevant period will be transferred to the next accounting periods. Transferred amounts are valued in the following accounting period. (escolation) is not subject.
In the event that an R&D project that has not been completed yet is sold to another institution;
The transferor institution takes into account the capitalized amounts as a cost element in determining the earning amount. will be taken. Additional expenses incurred by the transferee for this project are not deducted from R&D deduction.
It is promised to benefit from a discount for R&D expenses made in the transferring institution. will not be the subject.In case a completed R&D project is sold to another institution,
It is not possible for the institution to benefit from the R&D discount. R&D activity, essentially ends at the stage where the trials end and the first production is made. As a result of the R&D project The R&D project is considered to be completed as soon as the product comes to the marketable stage. From this date Expenditures made later are not considered within the scope of R&D expenditure. However, a completed project The work to be done to develop the product obtained as a result, as a new R&D project is evaluated.
Application
Revenue Administration in accordance with the provisions of the Corporate Tax General Communiqué serial number 1 Starting to benefit from corporate tax deduction with the application made to the Presidency is possible.
You can apply at any stage of the project, although the work is started and the expenditure is made. temporary taxation including the date of application, if found and approved R&D expenditures incurred since the beginning of the period will be able to benefit from the R&D reduction. Applications made after the end of the R&D project are not taken into consideration.