The Turkish parliament has published draft Bill 2/4058 containing various measures, including certain measures proposed earlier by Turkish President Recep Tayyip Erdoğan to address the devaluation of the Turkish lira and to support business and investment.
One of the main measures is a 1% reduction (discount) in the corporate tax rate for companies holding an industrial registration certificate that are engaged in production and export activities. The 1% discount is based on the standard 2…