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Taxation Law

 
04Temmuz2022

2022 II. Period Statutory Deductions on Payroll

The statutory deductions applicable in a standard Turkish payroll are social security premium, income tax, and stamp tax. Also, the salaries generated from liaison offices in Türkiye are exempt from income tax per the article 34/14 of Income Tax Law and these are only subject to social security.

Also, as of 2022, an income tax exemption amount up to the tax amount calculated over minimum wage would be applicable for all wages.

Social Security Premium

Social Security Premium are calculated over wages monthly and are paid jointly by the employee and the employer. The contribution rates are as follows:

Yazar Erdoğdu Onur Erol, Kategori Social Security Law and Legislation, Taxation Law

01Temmuz2022

2022 II. Period Minimum Wage and Legal Parameter Updates | CottGroup

a. Minimum Wage

In The press release dated July 01, 2022, the Ministry of Labor along with the Minimum Wage Determination Committee have announced the minimum wage to be effective as of July 01, 2022, as shown in the table below.

Yazar Erdoğdu Onur Erol, Kategori Social Security Law and Legislation, Taxation Law

02Haziran2022

Declaration Obligation to Internet Advertisements Has Been Introduced with a New Communiqué

A declaration obligation has come into force with the General Communiqué No: 538 on Tax Procedure Law (In Turkish) for the internet advertisements.

With that Communique, the transactions would need to be declared within one month for the purchase, sale or rental of movable and immovable properties and goods and services by the intermediary service providers, social network providers and hosting providers, who mediate the publication of advertisements.

The below items would need to be declared to the Revenue Administration via the portal announced by the Ministry:

  • Internet address or addresses where the service is provided,
  • The amount and date of each transaction regarding the sales/rentals of movable, immovable, goods and services performed on behalf of the service providers, and the bank account information regarding the payments,
  • Name, surname/title, citizenship number information and workplace address information of individuals or companies.

Yazar Selma Kıy, Kategori Taxation Law

01Haziran2022

Communique Regarding The R&D and Design Support Law

Communique Regarding The R&D and Design Support Law has been published on the 27.05.2022 dated and 31848 numbered Official Gazette.

Regarding The Income Tax Withholding Incentive

With the Law no: 7346, the regulations in force as of 12.10.2021 are as below:

The amendments on the Law no: 5746 (article 3) and Law no: 4691(temporary article 2) can be summarized as below:

The periods spent outside these centers or Zones are also considered within the scope of income tax withholding incentive, provided that

Yazar Erdoğdu Onur Erol, Kategori Taxation Law

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