Within the scope of VUK General Communiqué numbered 514, which was published in the Official Gazette dated 04.01.2020 and numbered 30998; as of 01.01.2020, the invoice limit for the sale of processed precious metals, precious stones and related manufactured goods made by the taxpayers involved in purchase and sale of processed precious metals and precious stones such as jewelers and jewelry makers has been determined as 4.200.00 TL for the year of 2020.

According to the 27998389 - 010.06.02-13659 numbered Circular published by the Ministry of Treasury and Finance on 06.01.2020 with the subject ‘Financial and Social Rights’, the coefficients used to calculate the wage of a public officers have been revised effective 01.01.2020.

Details on the above-mentioned subject are outlined below.

A) Income Tax Exempted Severance Pay

The following values have been calculated taking these coefficients into account and shall be applied for the period between the dates of 01.01.2020 – 30.06.2020 maximum severance pay to be exempted from income tax is determined as 6.730,15.- TL.

B) Income Tax Exempted Child Support

The following values have been calculated taking these coefficients into account, and shall be applied for the period between the dates of 01.01.2020– 30.06.2020 monthly child support to be exempted from income tax is;

All kinds of announcements and advertisements done within municipal borders and adjacent areas are subject to Announcement and Advertisement Tax. Natural or legal persons, who make the advertisement on their or other’s behalf, are considered as taxpayers of the relevant tax. Advertisement companies, who conduct announcement and advertisement works on behalf of others, are liable to pay the taxes of announcements and advertisements on taxpayers’ behalf. Announcement and Advertisement Tax payments can be made through registered municipalities’ e-municipality system and related banks.

With the Presidential Decision dated 02.01.2020 and numbered 1994, as of 02.01.2020, it was decided to make changes in the VAT rates of certain products.

Within the scope of the regulations, amendments are as below;