The per diem amounts exempt from income tax for the period from July 1, 2024, to December 31, 2024, have been calculated based on the per diem amounts listed in Schedule (H) of the Central Government Budget Law for 2024, published in the duplicate Official Gazette dated December 31, 2023, and numbered 32416, effective as of January 1, 2024, and the regulation of Article 24/2 of the Income Tax Law, and the civil servant salary coefficients for the period from July to December 2024.

Following the local elections on March 31, 2024, the tightening policies in fiscal policy accelerated. The Omnibus Law Proposal includes new regulations concerning almost every sector.

• A "local minimum corporate tax application" is foreseen for resident companies in Türkiye.

Corporate Tax will not be less than the minimum tax calculated as 10% of the corporate income before deducting discounts and exemptions, or the higher of the minimum tax calculated as 10% by accepting 2% of the declared revenue as the tax base.

According to the Circular dated July 5, 2024 and numbered 27998389-010.06.02-3248709 published by the Ministry of Treasury and Finance with the subject 'Financial and Social Rights', the coefficients used to calculate the wage of a public officers have been revised effective July 1, 2024.

Income Tax Exempted Child Support

According to the Circular dated July 5, 2024 and numbered 27998389-010.06.02-3248709 published by the Ministry of Treasury and Finance with the subject ‘Financial and Social Rights’, the coefficients used to calculate the wage of a public officers have been revised effective July 1, 2024.