22January2021

Motor Vehicle Tax Payment for 2021 1st Period

The publication below may be out of date due to postponements and recent announcements. Please contact your client representative to have further information and for your queries about the recent announcements regarding your legal obligations.

1st installment payment of Motor Vehicles Tax for 2021 shall be done between 01 January – 31 January.

If you have registered vehicles to your name or company, 1st installment payment of Motor Vehicles Tax is necessary to be done. Taxpayers are able to view and pay their taxes, without logging into Interactive Tax Office, by submitting only the license plate and Turkish ID number.

Payments can be deposited from postal offices, tax offices and the banks which have an agreement with the authorities.

You can access related details on Motor Vehicles Tax from here. (The link is in Turkish)

Should you have any queries, please contact us.

Author Selma Kıy, Category Taxation Law

20January2021

A Reminder for Certain Legal Practices to Pay Attention in the New Year

With the Presidential Decree No. 3343, deadline for debt restructuring applications and for payment of first installments is 01.02.2021, within the scope of the Law No. 7256.
With the Presidential Decree No. 3343, for the taxpayers, who applied for debt restructuring within the scope of the Law No. 7256, deadline for the first installment of tax payments is 01.03.2021, and for the first installment of SSI payments is 31.03.2021.
With the Presidential Decree No. 2812, changes in VAT rates applied for certain goods and services are extended until 31.05.2021.

Author Selma Kıy, Category Taxation Law

07January2021

2021 1st Period - Maximum Severance Payment Amount

According to the 27998389 - 010.06.02.11638 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 public officers have been revised to be effective as of 01.01.2021.

Income Tax Exempted Severance Pay

The following value has been calculated taking these coefficients into account and shall be applied for the period between 01.01.2021 – 30.06.2021 maximum severance pay to be exempted from income tax is determined as TRY 7.638.96.

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.)

Author Erdoğdu Onur Erol, Category Taxation Law, Labor Law

29December2020