Turkey Cuts Corporate Tax By 1ppt for Exporters, Manufacturers

Corporate tax rate is cut by 1ppt to 22% for exporters and manufacturers as of 2022, according to decree published in official gazette.

Tax cut can be applied to income from exports and manufacturing only
Link to decree in Turkish: https://www.resmigazete.gov.tr/eskiler/2022/05/20220514-4.pdf

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Ugur Yilmaz in Istanbul at uyilmaz@bloomberg.net

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Onur Ant at oant@bloomberg.net

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