Turkey's Revenue Administration has announced the publication of a draft communiqué for consultation that provides guidance and several examples for the application of the interest deduction limitation rules recently implemented by Presidential Decree No. 3490 of 3 February 2021. The limitation rules, which are effective from 1 January 2021, essentially provide that where the debt of a taxpayer exceeds equity, 10% of financing expenses are not allowed as deductible expenses, with certain exc…