Law No. 7420 was published in the Turkish Official Gazette on 9 November 2022.The Law sets forth amendments to the Turkish Income Tax Code No 193, Turkish Corporation Tax Code No. 5520, and other various tax laws.Executive summaryOn 9 November 2022, Law No. 7420 (the Law) was published in the Turkish Official Gazette. The Law sets forth amendments to the Income Tax Code No. 193, the Corporation Tax Code No. 5520, and other various laws.The key provisions of the Law are summarized below.Detailed discussionExtension of the 31 December 2022 deadline for foreign exchange (FX)-protected accounts At the end of 2021,...