Regarding to the statement in General Communique on Value Added Tax (VAT) with the serial number 117, which reads “The buyers shall apply VAT Withholding in the ratio of (2/10) for the construction works and the engineering-architecture and survey-project services conducted within the scope of these works, conducted against those listed in Article (3.1.2/b) of the Communique.”, the ratio of (2/10) has been amended to become (3/10).

Communique on the Implementation of the Decision on Government Supports in Investments has been amended on July 26, 2017. Herein below are some issues which are to be considered; concerning the amendment to the communique, which entered into force following its publication in the Official Gazette:

According to the circular numbered 27998389-010-06-02-5820 released by the General Directorate of Budget and Fiscal Control on 07.01.2017 with the subject ‘Financial and Social Rights’, the coefficients used to calculate the wage of a civil servant have been revised effective as of 01.07.2017.

a. Income Tax Exempted Severance Pay

The following values have been calculated taking these coefficients into account, and shall be applied for the period between the dates of 01.07.2017 – 31.12.2017 maximum severance pay to be exempted from income tax is 4.732,48.- TL,

According to the General Communiqué on Withholding Tax Return and Premium Service Statement, announced on the 29983 numbered Official Gazette dated 18.02.2017, the firms’ tax identification number and Social Security Institution (SSI) registration number were required to match on the system of the Revenue Administration until the date 31.03.2017. This period has been extended until 02.05.2017.