The scope of tax exemption for companies in KKM has been expanded

The corporate tax exemption applied to companies' KKM accounts has been expanded to cover the end of 2022 The corporate tax exemption applied to companies' TL-denominated exchange rate protected deposits (KKM) has been expanded to cover the end of 2022. According to the Presidential decree published in the Official Gazette, in the event that companies evaluate the foreign currencies on their balance sheets as of December 31, 2022 within the scope of KKM until the end of the year, the interest, dividends and other earnings obtained will be exempt from corporate tax. In the previous practice, this exemption covered the foreign currencies on companies' balance sheets as of March 31, 2022.