"The Communiqué on Amending the Corporate Tax General Communiqué Serial No. 21" was published in the Official Gazette No. 32119 on March 1, 2023.

Following changes were made in the relevant communiqué.

Application of discounts on the earnings of institutions operating in the Istanbul Financial Center Region;

A state of force majeure has been declared between and including between dated 6th February 2023 and 31st July 2023 due to the earthquakes occurred in Kahramanmaraş on the dated 6th February 2023, Adana, Adıyaman, Diyarbakır, Elazığ, Gaziantep, Hatay, Kahramanmaraş, Kilis, Malatya, Osmaniye and Şanlıurfa provinces and Gürün district of Sivas province.

The installment payment periods of the people in debt due to the force majeure caused by the earthquake were extended exclusively to the payee administrations in these places.

As of February 6, 2023, tax obligations of the taxpayers located in Adana, Adıyaman, Diyarbakır, Gaziantep, Hatay, Kahramanmaraş, Kilis, Malatya, Osmaniye, Şanlıurfa provinces affected by the earthquake between 06.02.2023 and 31.07.2023 have been postponed.

Force majeure has been declared for taxpayers in earthquake zone until July 31, 2023.

Communiqué on Supporting the Foreign Currency to TL Conversion of Companies (2023/5) has been published in the Official Gazette No. 32085 on January 26, 2023 and entered into effect.

The purpose of the Communiqué is to regulate the procedures and principles regarding the support to be provided to the companies in case the foreign currency of the companies is sold to the Central Bank and converted into Turkish Lira deposit and participation accounts.