The stamp duty amounts to be applicable as from January 1, 2016 have been determined by the General Communique on Stamp Duty Law published in the Official Gazette No 29573 dated December 25, 2015. Briefly, the stamp duty amounts to be applicable are as follows:

The threshold for the documentation requirement for collections and payments has been decreased from TL 8.000 to TL 7.000- by means of the General Communique ob Tax Procedure Law (No:459) which was published in the Official Gazette no 29572 dated December 24, 2015. The communique which will enter into force as from January 1, 2016 regulates the following;

In regards to change on the Tax Procedure Law General Communique ( NO:456) which has been published in official Gazette numbered 29577 and dated 29.12.2015, e-notification application starting date has been extended to 01.04.2016 instead of 01.01.2015 with the General Communique ( No:467).

Income and Corporate taxpayers can apply for e-notification until 01.04.2016.

Click here to view the relevant communique. Please contact with your customer representative or expert for detailed information

• Income Tax Exempted Food Allowance

Meal allowance tax exemption amount that is applied as of 1st January 2016 was announced in 290 serial numbered Income Tax General Communique on 25.12.2015 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 23rd Articles, exemption amount is defined as 13,70 TL for 2016.