The threshold for the documentation requirement for collections and payments has been decreased from TL 8.000 to TL 7.000- by means of the General Communique ob Tax Procedure Law (No:459) which was published in the Official Gazette no 29572 dated December 24, 2015. The communique which will enter into force as from January 1, 2016 regulates the following;

With the Cabinet Decision published in the Official Gazette published with the number 29576 on 28th December 2015, the duration for benefitting the incentive for Social Security Premium Employer Share as stipulated in the 10th temporary aticle of Law number 4447, has been extended until 31st of December 2020.

In regards to change on the Tax Procedure Law General Communique ( NO:456) which has been published in official Gazette numbered 29577 and dated 29.12.2015, e-notification application starting date has been extended to 01.04.2016 instead of 01.01.2015 with the General Communique ( No:467).

Income and Corporate taxpayers can apply for e-notification until 01.04.2016.

Click here to view the relevant communique. Please contact with your customer representative or expert for detailed information

• Income Tax Exempted Food Allowance

Meal allowance tax exemption amount that is applied as of 1st January 2016 was announced in 290 serial numbered Income Tax General Communique on 25.12.2015 with Official Gazette. According to this announcement, meal allowance, which is provided by the employer outside of the workplace and workplace outbuildings as defined in the Income Tax Law's 23rd Articles, exemption amount is defined as 13,70 TL for 2016.