Within the scope of the Income Tax Law numbered 6663 and Law on Making Amendments on Certain Laws, the premium incentive that is currently being applied to certain cities of Türkiye within the scope of regional incentive application has been extended until 31.12.2018 starting as of 01.01.2018, with the announcement made on the Official Gazette dated 10.02.2018 in accordance with the resolution of the Council of Ministers.

a. Minimum wage

In a press release dated December 29, 2017 the Ministry of Labor along with the Minimum Wage Determination Committee have announced the minimum wage to be effective for the year of 2018 as shown in the table below. The Official Gazette related to this change has yet to be released.

• Income Tax Exempted Food Allowance
• Disablement Degree Discount
• Income Tax Brackets of 2018
• Stamp Tax Rate

With the Regulation published in the Official Gazette dated 05.12.2017, significant amendments have been made to the Regulation on Social Security Transactions. The provisions of said Regulation will enter into force as of 01.01.2018.

It was sufficient for the public offices, workplaces which conduct business by drawing up collective labor agreements, as well as private sector companies in respect of the months in which 10 or more insured employees are employed, to state the reasons of the missing days on the monthly premium and service declarations, without the requirement of submitting a separate missing day declaration. By virtue of said Regulation, amendments have been made in respect of the declarations to be made by the workplaces employing less than 10 insured employees.