According to the Circular numbered 27998389-010.06.02-421208 published by the Ministry of Treasury and Finance with the subject "Financial and Social Rights", the coefficients used to calculate the wage of public officers have been revised effective as of July 1, 2021.

Income Tax Exempted Child Support

The following values have been calculated by considering these coefficients and shall be applied for the period between the dates of 01.07.2021 - 31.12.2021 monthly child support to be exempted from income tax is;

Turkish Revenue Administration has published a Circular numbered 136 and dated 08.07.2021.

Per the Circular;

The submission deadline of VAT, Stamp Tax and Income Tax & Social Security Premium declarations has been postponed to Friday July 30, 2021, COB.

"Form Ba" and "Form Bs" documents for 2021 June period can be submitted until Friday Aug 6, 2021, COB.

The electronic bookings signatures can be completed until Friday Aug 6, 2021, COB.

By the letter of Ministry of Treasury and Finance, General Directorate of Public Financial Management and Transformation dated 07/07/2021 and numbered 27998389-010.06.02-421208, the expense limits exempt from income tax for July 1, 2021 - December 31, 2021 has been announced.

The Tax-Exempt Amounts of Domestic Travel Expenses

The tax-exempt amounts of domestic travel allowances for July 1, 2021 and December 31, 2021 are as below:

Social Security Institution has published a General Letter to explain the details regarding the termination codes, which causes a refund of the additional employment incentives (with No. 7256) to the Social Security Institution from the employers with interest.

Per that General Letter, the incentive amounts with regards to Law No. 7256 would need to be refunded back to the Social Security Institution along with interest if the termination takes place with the below termination codes: