Government – Muhasebe News

Central Government Budget Appropriations and Outlays on R&D, 2019

MuhasebeNews — Fri, 19 Jul 2019 14:28:34 +0000

Central Government Budget Appropriations and Outlays on R&D, 2019

Central government budget outlays on R&D amounted to 13 billion 24 million TL in 2018

Central government budget outlays on Research and Development (R&D) activities amounted to 13 billion 24 million TL as in comparison with the previous year increased by 21.6% in 2018. According to this result, Central Government Budget expenditures on R&D accounted for 0.35% of Gross Domestic Product (GDP) and 1.4% of the Central Government Budget expenditure in 2018.

According to provisional results based on initial budget appropriations, Turkey has allocated 15 billion 597 million TL on R&D for the budgetary year 2019.

Indirect R&D support was 4 billion 599 million TL for the year 2018

Total amount of indirect R&D support (R&D tax relieves) was 4 billion 599 million TL for the year 2018.

Central government budget appropriations and outlays on R&D and indirect R&D support⁽¹⁾, 2008-2019⁽²⁾

⁽¹⁾Indirect R&D support was calculated by using the Ministry of Treasury and Finance’s data.
⁽²⁾2019 value based on initial appropriations.

Most important socio-economic objective was General University Funds

The largest share of Central Government Budget appropriations on R&D was directed to the socio-economic objective ‘General advancement of knowledge: R&D financed from General University Funds (GUF)’ with 40.4% for the year 2019. This share was 34.4% for ‘Defense’, 6.8% for ‘Industrial production and technology’, 4.3% for ‘General advancement of knowledge: R&D financed from other sources than GUF’ and 4% for ‘Education’ respectively.

Socio-economic objectives, 2019

The next release on this subject will be in July, 2020.

__________________________________________________________________________________

EXPLANATIONS

Measuring R&D activities financed by Government (Central Government) based on initial budget appropriations (provisional) and actual outlays (final) are important to identify Government support for R&D or priority of R&D support in Central Government Budget. This covers not only government-financed R&D performed in government establishments, but also government-financed R&D in the other three national sectors (business enterprise, private non-profit, higher education) as well as abroad (including international organisations).

Indirect R&D support covers tax incentives and exemptions based on the Law 193, 5520, 4691, 5746 and 3065. These figures were calculated by using data from the Ministry of Treasury and Finance.

Source: TÜİK
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

US Government partially shuts down

MuhasebeNews — Sun, 23 Dec 2018 06:30:54 +0000

US government partially shut down at midnight on Friday following disgreements on Trump’s demand for border wall funding.

The shutdown will result in setbacks in the government operations. It will also force federal workers to leave or work without pay.

However, before the disagreements on the issue, the Senate passed a bill that guarantees the payments of federal employees who are forced to leave without pay.

Department of Defense, Department of Health and Human Services, Department of Education and Department of Labor won’t be effected since the budget in the mount of $854 million for these departments passed on October 1st.

This is the 3rd time the U.S government has shut down since Trump’s election.

Yasal Uyarı: Bu yazıdaki bilgiler sadece genel bilgilendirme amacıyla verilmiştir. Kişi veya kuruma özel profesyonel bir bilgilendirme amacı güdülmemiştir. Konu ile benzerlik gösterse de her işletmenin kendi özel şartları nedeniyle farklı durumları olabilir. Bu nedenle, bu yazıda belirtilen bilgilerden yola çıkarak işletmenizi etkileyecek herhangi bir karar alıp uygulamaya geçmeden önce, uzmanına danışmanız menfaatiniz gereğidir. Muhasebenews veya ilişkili olduğu kişi veya kurumlardan hiç biri, bu belgede yer alan bilgilerin özel veya resmi, gerçek veya tüzel kişi, kurum ve organizasyonlar tarafından kullanılması sonucunda ortaya çıkabilecek zarar veya ziyandan sorumlu değildir.

Is it required to pay Stamp Duty for the traffic insurances of the Government vehicles?

MuhasebeNews — Wed, 05 Dec 2018 06:00:47 +0000

Is it required to pay Stamp Duty for the contracts of traffic and insurance that are taken by the public by means of a service procurement tender?

Yes. There is no Stamp Duty exemption for the vehicles whose traffic insurance policy was made by means of a service procurement tender. The Stamp Duty resulting from the agreement related to the tender must be paid.

Source: GİB
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.