Turkish Parliament Approves Comprehensive Reforms to Support Investment and Manufacturing

Turkey's Grand National Assembly (parliament) has announced its approval of Law No. 7582 on 21 May 2026, which contains the comprehensive reform package first announced by President Recep Tayyip Erdoğan at the end of April 2026, with some amendments. The main measures include:

• A 100% corporate tax exemption (deduction) for transit trade activities within the Istanbul Finance Centre (IFC) and for qualifying service centers or institutions carrying out transit trade in designated Industrial …