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Cabinet Approves Bill To Expand Tax Exemption For Investments In Innovation Companies
June 22, 2022
The Council of Ministers has approved a bill which amends the income tax law so that the existing tax exemption for an investment in a small and medium innovation company is extended to cover corporate investors as well.
According to a press release by the Ministry of Finance, the bill is included in the commitments of the National Recovery and Resilience Plan, which aims to provide tax incentives to attract investments in the field of Research and Innovation.