Technopark & R&D

Is the technopark VAT exemption the same as the earnings exemption?

No, they are two separate regimes. The earnings exemption operates on the corporate and income tax side, removing income arising from activity in the zone from the tax base. The VAT exemption means no value added tax is charged on certain supplies. Their conditions and scope do not map onto each other exactly; each must be assessed separately.

Read the full article: The Technopark VAT Exemption Does Not Apply to Every Sale: What Falls Outside →