06Temmuz2023

The Exemptions of the Electricity, Natural Gas and Heating Allowance Have Expired as of 30th June 2023

The social security premium and income tax exemptions applied to electricity, natural gas, and similar heating allowances, as announced in the Circular No. 2022/26 issued by the Social Security Institution and the Income Tax General Communiqué No. 322 published by the Revenue Administration, have expired as of June 30, 2023.

As of July 1, 2023, payments made to employees for all kinds of electricity, natural gas and similar heating expenses will be subject to income tax and social security premium deductions.

You can access further information on the subject through our articles published on our website via these links.

Should you have any queries or need further details, please contact your customer representative.

Yazar CottGroup Hukuk ve Mevzuat Ekibi, Kategori Social Security Law and Legislation, Taxation Law

Notification!

The content in this article is for general information purposes only and belongs to CottGroup^® member companies. This content does not constitute legal, financial, or technical advice and cannot be quoted without proper attribution.

CottGroup^® member companies do not guarantee that the information in the article is accurate, up-to-date, or complete and are not liable for any damages that may arise from errors, omissions, or misunderstandings that the information may contain.

The information presented here is intended to provide a general overview. Each specific case may require different assessments, and this information may not be applicable to every situation. Therefore, before taking any action based on the information provided in the article, it is strongly recommended that you consult a competent professional in the relevant fields such as legal, financial, technical, and other areas of expertise. If you are a CottGroup^® client, do not forget to contact your client representative regarding your specific situation. If you are not our client, please seek advice from an appropriate expert.

To reach CottGroup^® member companies, click here.