Tax Incentives for R&D Activities in European Union Countries and Turkey, and Their Comparative Analysis
No Thumbnail Available
Date
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
Due to the failure of the market, governments use some incentive instruments in order to encourage investments for R&D activities. One of them is the tax incentives. Many EU countries have R&D tax incentives. These incentives consist of tax deferrals, tax allowance, tax credits and, extended incentives. Tax incentives for R&D in many EU countries based on corporate tax. The most used tax incentives for R&D in EU countries are tax credits and tax allowance. Turkey, a candidate country of EU, has provided significant tax incentives for R&D activities via the regulations in recent years. Turkish tax incentive schema for R&D activity is based upon tax allowance.