• Income Tax Exempted Food Allowance
• Income Tax Exempted Commuting Allowance

Income Tax Exempted Food Allowance

Meal allowance tax exemption amount that is applied as of 1st of July 2022 was announced on 08.07.2022 dated and 31890 numbered bis Official Gazette. Based on that the meal allowance which is provided by the employer outside of the workplace and workplace outbuildings as defined in the (8)th clause of Article 23 of Income Tax Law (In Turkish), exemption amount is defined as 51.00 TRY to be applied as of July 1st 2022.

The Law on Amending the Law on the Regulation of Electronic Commerce was published in the Official Gazette dated 07.07.2022 and numbered 31889. The relevant regulations bring fundamental changes in the E-Commerce Law No. 6563 ("Law").

The 2022 minimum wage support has come into force with the Law No: 7417 published on the Official Gazette dated 01 July 2022 and numbered 31887.

Based on that, in case that all conditions are met, the minimum wage support will be automatically deducted from the social security premium payments on the upcoming periods by the Social Security Institution without any application.

The conditions required for 2022 minimum wage support can be summarized as below:

According to the 27998389-010.06.02-1342135 numbered Circular published by the Ministry of Treasury and Finance with the subject 'Financial and Social Rights', the coefficients used to calculate the wage of a public officers have been revised effective 01.07.2022.

Income Tax Exempted Severance Pay

The following value has been calculated taking these coefficients into account and shall be applied for the period between the dates of 01.07.2022 - 31.12.2022 maximum severance pay to be exempted from income tax is determined as 15,371.40 TL.

To access the full circular in which these announcements were made, please click here. (Please also be advised that the contents of this circular are in Turkish language.)

Should you have any queries or need further details, please contact your customer representative.