Presidential Decision No. 11723 expands tax, duty and fee exemptions for certain Central Bank of the Republic of Turkey rediscount credits, extending the scope beyond Türk Eximbank.
Turkey has expanded the scope of tax, duty, and fee exemptions applicable to foreign exchange-earning activities by extending eligible Central Bank of the Republic of Turkey rediscount credits to other banks.
Presidential Decision No. 11723, signed on 4 September 2026 and published in the Resmî Gazette on 5 September 2026, amends Article 4, Paragraph 1 of Cabinet Decision No. 99/13812 of 23 December 1999.
The amendment replaces the reference to “short-term bill rediscount credits opened by the Central Bank of the Republic of Turkey to Türk Eximbank” with “bill rediscount credits opened by the Central Bank of the Republic of Turkey to Türk Eximbank and other banks.”
As a result, the exemption framework now covers rediscount credits provided by the Central Bank of the Republic of Turkey to other banks, in addition to Türk Eximbank. The amendment also removes the term “short-term”, eliminating the previous maturity limitation for credits covered by the provision.
The decision was issued under Article 1 of Law No. 261, Article 2 of Law No. 474, and the provisions of Law No. 2976.
Presidential Decision No. 11723 entered into force on 5 September 2026, the date of its publication. Its provisions will be executed by the Minister of Trade.
