Did the corporate tax advantage for currency protected deposits that had continued since previous periods end after 30/06/2024?
The exemption period specified in the Temporary Article 14 of the Corporate Tax Law No. 5520 is valid for accounts opened until 30 June 2024 and whose maturity dates have expired by this date and whose maturity dates have been renewed, and since this period has not been extended again, the currency protected deposit exemption will not be applied to accounts opened or whose maturity dates will be renewed on or after 1 July 2024. The tax exemption continues for those opened before and continuing.
Source: Istanbul Chamber of Certified Public Accountants
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