Turkey's Revenue Administration has announced the publication of Law No. 7491 in the Official Gazette on 28 December 2023. The main measures are summarized as follows: New participation exemption rules are introduced for corporate taxpayers not qualifying for the standard participation exemption for participations in joint stock corporations and limited liability companies outside Turkey, including that a 50% exemption applies on dividend income from a foreign company when holding at least 50% of the paid-up capital of the foreign company and the dividend income is transferred to Turkey by the filing date of the corporate tax return for the relevant...