Türkiye widened the legal wording of its tax, duty and fee exemption framework for export and foreign-currency-earning transactions on 5 September 2026. The previous text referred to short-term bill rediscount credits opened by the Central Bank of the Republic of Türkiye to Türk Eximbank. Decision No. 11723 and the matching Communiqué 2026/3 now refer to credits opened to Türk Eximbank ‘and other banks’. For an international company exporting from Türkiye, this expands the banking channel named by the framework, but it is not blanket tax relief for every loan.
What changed in the legal text
The amendment is precise: the words limiting the relevant Central Bank rediscount credits to Türk Eximbank were replaced with wording that includes Türk Eximbank and other banks. The presidential decision changes the underlying 1999 decision, while the Trade Ministry communiqué mirrors the same wording in the 2017 implementing communiqué. Both took effect on publication.
Why the change matters to exporters
A wider set of bank channels can now be named within the exemption framework for qualifying rediscount-credit transactions. That may make the treatment relevant to exporters working through a commercial bank rather than only through an Eximbank channel. Actual availability still depends on the Central Bank facility, the participating bank and the company's eligibility and documents.
What the exemption framework concerns
The parent regime covers taxes, duties and fees attached to specified export, transit-trade, deemed-export and foreign-currency-earning service transactions. The new text changes the bank reference for rediscount credits; it does not rewrite every eligibility rule in that regime. Exporters should identify the precise transaction and exemption document or procedure their bank relies on.
What the rules do not promise
Neither text announces a new credit limit, interest rate, maturity, application opening date or guaranteed approval. They do not convert every commercial loan, working-capital facility or foreign-currency borrowing into an exempt product. A bank's marketing description is not sufficient evidence that a facility qualifies.
Checks for a foreign-owned Turkish company
Ask the bank whether the proposed facility is a Central Bank rediscount credit within the amended framework, which taxes, duties or fees it treats as exempt, and what evidence is required. Confirm the exporter status, contract, customs or service-export records and foreign-currency collection trail with the Turkish accountant. Shareholders' nationality does not replace company-level eligibility.
Keep financing and export evidence aligned
The loan application, invoice, customs declaration or service contract, currency receipt and repayment records should describe the same underlying activity. If funds are used for another purpose or the export commitment is not met, consequences can arise under the facility's own rules. The amendment itself does not remove those operational checks.
Turkey Compass fact check
Confirmed: Decision No. 11723 and Communiqué 2026/3 took effect on 5 September 2026 and added other banks to the wording for Central Bank rediscount credits within the exemption regime. Not stated: that every bank already offers the facility, every exporter qualifies, or every loan cost disappears. Obtain written product confirmation from the bank and case-specific Turkish tax advice before signing.