Turkey’s standard corporation tax rate is 20%. However, the Turkish corporation tax rate is currently set at 23% for income derived by corporations in the 2022 fiscal year (FY). See EY Global Tax Alert, Turkey increases corporation tax rate for 2021 and 2022 tax years, dated 26 April 2021.On 22 January 2022, Law No. 7351 (the Law) was published in the Official Gazette and entered into force on the date of publication.The Law sets forth a one point decrease in the corporation tax rate on the specified income of the following corporations:On the corporation income exclusively derived from export transactions...