Corporate tax exemption will also be applied to foreign currencies in KKM

The corporate tax exemption for the income of institutions from currency protected deposits will also be applied to foreign currencies. The corporate tax exemption applied to the interest and dividend shares and other earnings of institutions within the scope of currency protected deposits (CCD) will also be applied to the foreign currencies included in their balance sheets. With the Presidential Decree on the subject published in the Official Gazette, an amendment was made to the 4th paragraph of the temporary 14th article of the Corporate Tax Law. According to the new regulation, this exemption can also be applied to the foreign currencies included in the balance sheets of institutions as of September 30. In accordance with the relevant legal provision, the President has the authority to apply the said exemption to the foreign currencies included in the balance sheets dated June 30 and/or September 30.