Rewiev of r&d activicites in technology development regions (techno-cities) in terms of accounting standards and tax legislation and a case study for it

Technology development, the power enabling our country achieve the aims of sustainable economic growth, increased compatitiveness and productivity in international markets, promoted social welfare, can be achieved by giving particular importance to technology development regions (techno-cities) which have significant contributions to regional and national development as an effective instrument of science and technology policy.Therefore, it is requisite to make legislative amendments to close loopholes in legislation, simplify incentives system by ensuring coordinated management rather than management by many different organisaitons, and improve effectiveness of these entities by giving financial, academic and technical support and improving tax and other incentives.On the other hand, in order to settle disagreements in pratice it is crucial to put accounting rules of IAS-38 and UAS-38 into practice and ensure proper record keeping, make legislative amendments in tax laws and capital market law in line with standards and make necessary regulations both in standards and relevant legislation on how tax incentives given to regions should be recorded on legal books.The aim of this study is after giving detailed information on technology development regions (techno-cities) which proved to have increasing significance each day, explaining and making assessments on tax incentives targeting R&D activities, their accounting standards and legislation, with a case study, it is aimed to analyse how accounting records comply with standards and legal framework and point out the failures in practice and lack of legislative measures.Key words1. Research and Development (R&D)2. Technology Development Regions (Techno- cities)3. Law Of The Technology Development Regions4. Tax Incentives5. Accounting Standards (IAS-38 and TMS-38)