Research and Development Payroll Service Discount
Within the scope of the Law No. 5746 on the promotion of research and development and design activities, R & D and design centers can receive all of their expenditures for innovation and R & D services as a discount from the corporate tax base.
Income Tax and withholding incentive
Income tax withholding incentive is applied for the wages obtained by the employees working in the R & D centers of the enterprises and supporting these works. The incentive rate applied for the personnel with a doctorate is 95%. In this respect, we can express that many undergraduate and doctoral students are involved in the R & D processes of companies.
Insurance Premium Support
In accordance with the Law No. 5746 on the support of research and development and design activities, 50% discount is applied to the insurance premiums of R & D personnel. This portion is covered by the state.
Stamp Duty Exception
Enterprises are exempt from stamp duty under the Law No. 5746 on the promotion of research and development and design activities. To receive this support, the document is related to R & D and various innovation studies. No stamp duty exemption is applied for every document relating to the company.
Customs Duty Incentive
Under the Law No. 5746 on the promotion of research and development and design activities, all goods and products imported in line with the activities carried out by the enterprises are exempted from customs duty. In this context, businesses are provided with much higher profits.
Basic Sciences Support
Support from R & D personnel for those employed in the field of basic sciences. Part of the carousel fee that businesses pay to staff is covered by the ministerial budget. This can be explained as a support for firms to employ staff in the field of basic sciences.
Scope of R & D Payroll Service
Research and Development payroll service can be summarized as the preparation of R & D personnel payroll. Accordingly, we can explain the R & D personnel payroll preparation service as follows.
- Calculation of personnel; personnel attendance Control System data, annual leave rights, incentive times, working data, SSI and Income Tax days,
- Calculation and reporting of R & D personnel with 3-month periods for R & D centers and design centers that are legally required,
- Preparation of payrolls of business personnel according to rating data,
- Accurate calculation of incentives and supports related to R & D and other issues during payroll preparation process,
- Calculation of monthly salaries of employees and follow up of debts of personnel,
- Preparation of accounting receipts and sending them to the business or accounting department in excel format if requested,
- General prepared and sent to the enterprise if necessary,
- Preparation and delivery of necessary information and documents related to income withholding incentive within the scope of R & D,
- Preparation of compensation fees of personnel and giving the necessary work certificate to the personnel leaving the job,
- Realization of salary payments through the bank,
- Additional payments to employees, calculation of additional deductions and realization of necessary social benefits,
- Preparation of forms and reports requested from the enterprise,
- Regular and on-day notifications of employees ‘ Turkish Employment Agency and SSI are provided within the scope of R & D payroll service.