Technology Development Zones
"What benefits do Technology Development Zones (Technoparks) offer?"
Quick Answer
Technoparks provide income tax exemption until 2028 for R&D activities, VAT exemption on sales, and income tax exemption for researchers on salaries.
Scope and Legal Distinctions
A technology-zone location does not make all revenue or employees eligible for incentives. Qualification depends on the approved activity and the applicable statutory conditions.
What to Check in Practice
Keep project approvals, income allocation, personnel records and expenditure evidence; separate qualifying project work from other commercial operations.
Sources & Authorities
Statutory framework and official guidance for this definition.
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