Investment Law No. 72 of 2017 allows investors, in pursuit of comprehensive and sustainable development goals, to allocate a percentage of their annual project profits to establish a community development system, separate from their investment project.
According to Article 15, investors may participate in one or more of the following areas:
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Taking measures to protect and improve the environment.
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Providing services or programs in healthcare, social, cultural, or other development fields.
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Supporting technical education, funding research and studies, and conducting awareness campaigns aimed at improving production in cooperation with universities or research institutions.
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Training and scientific research.
Expenditures made by the investor in any of the above areas, up to 10% of their net annual profits, are considered deductible costs and expenses under Article 23, Clause 8 of the Income Tax Law No. 91 of 2005.
The competent minister, in coordination with relevant ministries, may establish a list of the best investment projects that undertake community development activities, whether geographically, sectorally, or otherwise, and publish it for public knowledge.
Under all circumstances, it is prohibited to use projects, programs, or services under the corporate social responsibility system for political, partisan, religious purposes, or for discrimination among citizens.
The executive regulations of the law specify additional rules and controls necessary for implementing the community responsibility system.