Turkey Restricts Deduction of Advertisement and Promotional Expenses Related to Betting and Games of Chance and Other Changes

Turkey's Revenue Administration has announced the publication of Law No. 7577 in the Official Gazette on 17 April 2026, which contains various tax measures. Corporate tax measures of the law include amendments to the rules on deductible expenses to provide that advertisement and promotional expenses related to all types of betting and games of chance are non-deductible with effect from 17 April 2026. The same is provided for individual income tax purposes. The law also withdraws the corporat…