Examination of accounting and tax applications practices that related to intangible rights obtained from r & d activities within the framework of IAS–38: Example of technology development zones

Technological developments are important for businesses. Businesses use the technology as a tool to provide the highest efficiency at the lowest cost. Accordingly, it offers advantages within the scope of Technology Development Zones in order to contribute to technological developments in the public sector and to support investments for these purposes. In particular, many incentive and support have been applied to the firms operating in Technology Development Regions. Companies that benefit from these incentive and support have many advantages in many respects. This study was conducted to investigate the tax incentives for these rights and to investigate the related accounting records within the framework of the incentives and supports provided by the Law on Technology Development Regions No. 4691, the Law on support of research No. 5746 development and design activities, income tax and corporate tax laws. In this context, tax advantages was determined for companies operating in technology development regions by examinig the relevant laws, Investigations were made on the types of incentives provided by expenditures made in the scope of Research and Development activities and the accounting records related to these expenditures were emphasized. In this study, in order to benefit from the incentives provided by the companies operating in the said regions in relation to the intangable rights they obtained within the scope of R & D activities, it was concluded that the requirement for the invention to have a patent or patent equivalent document has been sought.Depending on the research and development incentives made under the patent or patent equivalent, there is a corporate tax exemption for half of the profits derived from the sale or lease of intangable property rights. In the same way, there is an exception of Value Added Tax for the rental, transfer or sale of these rights.