Turkish Law No. 7338, published in the Official Gazette dated 26 October 2021, introduced additional provisions (Paragraph (Ç) of the Repeated Article 298 and Temporary Article 32 of Tax Procedural Code No. 213 (TPC)) regulating the inflation adjustments in Turkey. For details, see EY Global Tax Alert, Turkey enacts new tax Law, dated 5 November 2021.

On 14 May 2022, the General Communiqué of the T…