Türkiye enacts new law amending various tax laws

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Law No. 7420 was published in the Turkish Official Gazette on 9 November 2022.
The Law sets forth amendments to the Turkish Income Tax Code No 193, Turkish Corporation Tax Code No. 5520, and other various tax laws.

Executive summary

On 9 November 2022, Law No. 7420 (the Law) was published in the Turkish Official Gazette. The Law sets forth amendments to the Income Tax Code No. 193, the Corporation Ta…