Turkey's Revenue Administration has announced the publication of Law No. 7456 of 14 July 2023 in the Official Gazette, which includes several important tax measures. One of the key measures of the law provides for an increase in the standard corporate tax rate from 20% to 25%. Further, the law increases the corporate tax rate from 25% to 30% on financial sector companies, including banks, financial leasing companies, asset management firms, and insurance companies. The rate changes will begin to apply for declarations (returns) submitted from 1 October 2023 in respect of earnings in the 2023 tax year (calendar year)...