A- AMENDMENTS IN INCOME TAX LAW

1- Income Taxed in the Simple Method Are Exempted from Income Tax

With the relevant regulation, the earnings of taxpayers who fulfill the requirements stated in Articles 47 and 48 of the Law No. 193 and those who are taxed in the simple method and who are not among those who cannot benefit from the simple method listed in Article 51, are exempted from income tax. An annual statement will not be submitted for exempted earnings.

The earnings of the taxpayers who are taxed in the simple method in 2021 are exempted from income tax. The taxpayers concerned will not file an annual income tax declaration, and even if they file an annual tax return due to other incomes, they will not include these earnings in their declarations.

Even if the taxpayers who are subject to the simple procedure will not file a declaration, they will issue and receive documents in accordance with the provisions of the tax procedure law.

2- Contributions Provided from Public Institutions to Farmers are Exempted from Income Tax

With the recurrent Article 20/C added to the Income Tax Law, agricultural support payments provided from public institutions are exempted from income tax with the purpose of supporting farmers and the agricultural sector.

Property Tax

Property Tax is a kind of tax that needs to be paid by real estate owners such as land, estates, workplace, houses, etc. For the properties owned by deed; The person in whose name the deed has been issued is the owner of the property and thus liable to pay for real estate tax.

This tax is paid in two equal installments each year. The first payment is made in March, April, or May, and the second payment is within November.

The taxpayers shall deposit their payments to the Real Estate Tax Department of their registered municipality. During the payment, if the payment will be made through the physical application to the authority, the real estate deed is required to be presented. In case the said real estate is outside the city, the payments can be made at the PTT offices. These payments can also be made online via the e-municipality system (e-belediye).

The long-awaited China Personal Information Protection Law (hereinafter referred to as "Law") was passed by the Standing Committee of the National People’s Congress of the People’s Republic of China on August 20, 2021, to enter into force on November 1, 2021. The law mainly regulates how personal data will be collected, used, processed, shared, and transferred abroad by companies operating in the People’s Republic of China (hereinafter referred to as "China"). The Law, which determines the legal framework in these areas, complements the local data protection regime previously established by the China Cybersecurity Law (hereinafter referred to as "CSL") and national regulations. When the current legal structure of China is examined, it is seen that the legal and technical measures regarding the protection of personal data and data security are implemented through various laws, secondary regulations, and guidelines containing compliance standards. Herein, the Law possesses the title of the first comprehensive and national level regulation regarding personal data. It is crucial as it contains various legally binding compliance standards rather than the guidelines and secondary regulations.

Social Security Institution has published a new Circular numbered 2021/36 on 21.10.2021 and made some amendments on the Circular numbered 2020/20 regarding two subjects: 1.1 - The documents required on the workplace registration declaration processes to be made by the employers and 1.2 - The processes to be done by the SSI unit after the workplace declaration submission.

Per the new Circular, the required documents for the workplace declarations can be submitted in hand, via postal, or through the online portal.

Also, the required document for the workplace registration amendments can be submitted via an online electronic portal.