As it has been announced in the trade registry gazette dated 31.12.2015, the Minimum Wage Determination Commission has resolved that the daily minimum wage amount will be increased to 54.9 TRY, which equates to a monthly amount of 1,647.00 TRY. Together with the increase in minimum wage, there has also been a revision of the exceptions on premiums related to general health. Previously, individuals who underwent an income analysis and were found to earn 424.50 TRY or less per month were not required to pay premiums related to general health insurance. With the new minimum wage amount, the exemption rule has been revised so that individuals earning up to 549.00 TRY are not required to pay premiums for general health insurance. It is therefore advisable that individuals undergo an additional income analysis by the relevant authorities in their jurisdictions.

"Decision to determine the effective date of certain agreements’’ has been published in official gazette  numbered 29593 and dated 14.01.2016. Double – Tax Agreement made with Kosovo in 15.10.2015 and  Double – Tax Agreement made with Mexico in 23.07.2015 entered in force with this decision.

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a. Minimum Wage

The decision of the Minimum Wage Determination Commission related to the minimum wage amount applicable in 2016 has been published in the Official Gazette dated 31 December 2015 and numbered 29579.

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Irregularity fines, special irregularity fines and other amounts and thresholds set forth in the relevant law have been redetermined by the General Communique on Tax Procedure Law (No:460) published in the Official Gazette No 29573 dated December 25, 2015 The amounts which will be applicable as from 1 January 2016 are as below: