The corporation tax exemption, on certain income derived from the foreign exchange (FX) protected deposit and participation accounts that the Turkish companies open by converting the foreign currency deposits into Turkish Lira currency, has been extended to the foreign currency deposits that are available in the Turkish companies’ 30 September 2022 dated balance sheets. Accordingly, if taxpayer companies convert their foreign currencies which are available on their balance sheets dated 30 September 2022 into a Turkish Lira deposit or participation account with at least three months maturity, until the end of 2022; interest, participation income from participation accounts and other...