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22.11.2024

“Draft Communiqué on Income from Protected Deposit Accounts Updated”

With the provisional article 14 added to the Corporate Tax Law No. 5520 with the article 2 of the Law No. 7352, the “Draft Corporate Tax General Communiqué No. 19 serial numbered 19”, which was published on 29/1/2022 and presented for opinion and included explanations regarding the exemption of the earnings specified in the article from corporate tax in case of conversion to Turkish Lira deposits or participation accounts at the conversion rate within the scope of supporting the conversion to Turkish Lira deposits and participation accounts, has been updated by taking into account the opinions received.

You can access the updated Draft Corporate Tax General Communiqué Serial No. 19 here.

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