The Decree-law No. 687 on the Adoption of Certain Regulations under the State of Emergency came in force upon its publication in the 29974 numbered Official Gazette, issued on 02/09/2017.

The following regulations have been introduced by the Decree-law.

a. Income Tax Exempted Severance Pay

According to the circular numbered 27998389-010-06-02-66 released by the General Directorate of Budget and Fiscal Control on 03.01.2017 with the subject 'Financial and Social Rights', the coefficients used to calculate the wage of a civil servant have been revised effective 01.01.2017.

Income Tax Exempted Food Allowance

Meal allowance tax exemption amount that is applied as of 1^st January 2017 was announced in 296 serial numbered Income Tax General Communique on 27.12.2016 with Official Gazette. According to this announcement, meal allowance, which is provided by the employer outside of the workplace and workplace outbuildings as defined in the Income Tax Law's 23^rd Articles, exemption amount is defined as 14.00 TL for 2017.

Ministry of Customs and Trade has declared a revision on company establishment procedures to fasten the establishment processes since preparing the necessary documents regarding the establishment process requires great amount of time and creates great costs. With the announcement being made on December 12, 2016 on the Official Gazette, the amendment made by the Ministry of Customs and Trade has gone in effect.