Turkey published Law No. 7351 in the Official Gazette on 22 January 2022, which contains various measures including certain measures proposed earlier by Turkish President Recep Tayyip Erdoğan to address the devaluation of the Turkish lira and to support business and investment. One of the main measures is the amendment of Article 32 of the Corporate Income Tax law to provide a 1% reduction (discount) in the corporate tax rate on: Profits derived by exporting companies exclusively from export operations; and Profits derived by companies holding an industrial registration certificate exclusively from production activities (no additional discount provided for profits...