Tax Exemption for Science Parks

Tax Exemption for Science ParksTax Exemption for Science Parks

The Ministry of Science and Technology is negotiating with municipalities to exempt all science and technology parks as well as knowledge-based companies from paying land tax.

“We reached an agreement with the municipalities across the country to exempt science and technology parks and knowledge-based companies from paying tax, but some are still facing problems in this regard,” deputy minister of science Vahid Ahmadi told Mehr News Agency.

He said a bill has been sent to the Majlis to reduce the tax on all R&D projects in the country to 5% from the 10%-20% in the current tax regulations.

There are nearly 25 science and technology parks and over 2,500 knowledge-based companies across the country.

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