Yes, there are following exclusions:
• Interest expenditure that is disallowed under any other provisions of the Corporate Tax Law such as the Specific Interest Deduction Limitation Rule or non-arm’s length amounts.
• Interest income and interest expenditure related to Qualifying Infrastructure Projects, which are exempt under Article 14 of the Ministerial Decision, are excluded from EBITDA calculation.
• Interest income or Interest expenditure related to grandfathered debts (i.e. prior to 9 December 2022)