With the Communiqué on Amending Value Added Tax General Implementation Communiqué Serial No 43 published in the Official Gazette No. 31994 on 25.10.2022, there have been certain changes in Value Added Tax General Implementation Communiqué.

With the Amended Communiqué;

"The New Omnibus Law on the Amendment of the Income Tax Law (In Turkish) and Some Laws and Delegated Laws" proposed to the Speakership on 07.10.2022 will bring about the regulations to the Income Tax Law and Corporate Tax Law.

The Tax Exemption for Cash Meal Allowance for Employees;

In the case where meals are not served to the employees at the workplaces, it is expected that the cash meal allowance cost per workday, not over 51 TRY, will be exempted from income tax, and the payments over this amount and other benefits provided for this purpose will be taxed as wages. In the case, the cash meal allowance is transferred into the bank account of the employees and these amounts are used outside of the catering service firms, it will be possible to benefit from the related exception.

With the Law No. 7417 (In Turkish) published in the Official Gazette dated 05.07.2022 and numbered 31887, a new asset repatriation regulation has been added to the Corporate Tax Law (In Turkish) with a temporary article 15, and the details on the regulation have been shared in our article dated 13.07.2022.

Regarding the new regulation, a GENERAL COMMUNIQUE (SERIAL NO: 1) published in the Official Gazette dated 09.08.2022 and numbered 31887. With this Communique, the procedures and explanations has been shared.

The explanations can be summarized as below:

With the Official Gazette dated 21.07.2022 and numbered 31899; a Presidential update has been published with regards to the employees working remotely under the scope of technology development and R&D regions.

With that decision; the income tax incentive time rate that is applied for the time performed outside of R&D and technology development regions, will be applied as 75% until 31.12.2023 for the R&D and technology development employees.

Based on that, the Presidential decision dated 16.01.2021 and numbered 4625 has been abolished.