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Turkey Further Extends Tax Exemption for Earnings from Certain TRY-Denominated Accounts

|Approved Changes|Turkey
Turkey

Turkey's Revenue Administration has announced the publication of Presidential Decision No. 7408 on 28 July 2023, which extends the corporate income tax exemption for earnings accrued from Turkish lira (TRY) deposit and participation accounts converted from foreign currency. Previously provided for such accounts as recorded in the balance sheet on 31 March 2023, the exemption is now provided fo…

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