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.

The "Announcement and Advertisement Tax" declaration and payment term has been postponed to Close of Business of February 15, 2018 for the final time. Workplaces that have submitted the declaration in the month of January and still have not paid the relevant tax amount liable to the final pay date also.

All kinds of announcements and advertisements made within the boundaries of municipalities and their adjacent areas are subject to the “Announcement and Advertisement Tax”. The responsible party of this relevant tax is the real or the legal person who makes the advertisement on behalf of themselves. The third parties who process the advertisements on behalf of the actual party, are responsible to make the tax payments to the relevant Municipalities on behalf of the actual party.

According to the circular numbered 27998389-010-06-02-138 released by the General Directorate of Budget and Fiscal Control on 04.01.2018 with the subject ‘Financial and Social Rights’, the coefficients used to calculate the wage of a civil servant have been revised effective 01.01.2018.

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 01.08.2018 – 30.06.2018 maximum severance pay to be exempted from income tax is 5.001,76.- TL,

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