Update - Turkey Enacts Comprehensive Reforms to Support Investment and Manufacturing

Turkey's Revenue Administration has announced the publication of Law No. 7582 in the Official Gazette on 4 June 2026. As previously reported, the law 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 …