Turkey's Revenue Administration has announced the publication of Presidential Decision No. 7165 on 25 April 2023, which extends the corporate income tax exemption for earnings accrued from Turkish lira (TRY) deposit and participation accounts converted from foreign currency. Previously provided for such accounts as recorded in the balance sheet on 31 December 2022, the exemption is now provided for such accounts as recorded in the balance sheet on 31 March 2023.