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Legislation - CottGroup Holistic Business Services

08January2020

Motor Vehicle Tax Payment for 2020 1st Period

Vehicle owners are obliged to pay Motor Vehicle Tax (MTV) twice a year. In additional to land vehicles, airplanes, helicopter and motor vessel are subject to this taxation.

The payment term of the 1st installment for Motor Vehicle Tax is between 01/01/2020-31/01/2020 The tax calculation is accrued automatically according to your vehicle type.

We kindly remind you the importance of paying this tax for vehicle(s) registered to your name or your company.

Payments can be deposited from the banks which have an agreement with the authorities.

Author Selma Kıy, Category Taxation Law

08January2020

Change of Application in Notification of Personal Data Breach to the Board

As it is known, in accordance with the Board Decision dated 24.01.2019 and numbered 2019/10, in case of a personal data breach, a notification should be made to the Authority by using Data Breach Notification Form as per the Board Decision.

According to the announcement made by the Authority on 06.01.2020, Personal Data Breach Notification that previously expected to be sent by paper mail can now be made on the internet at ihlalbildirim.kvkk.gov.tr.

Author CottGroup Hukuk ve Mevzuat Ekibi, Category Personal Data Protection Law

07January2020

Invoice Limit is Set at 4.200 TL for Jewelers

Within the scope of VUK General Communiqué numbered 514, which was published in the Official Gazette dated 04.01.2020 and numbered 30998; as of 01.01.2020, the invoice limit for the sale of processed precious metals, precious stones and related manufactured goods made by the taxpayers involved in purchase and sale of processed precious metals and precious stones such as jewelers and jewelry makers has been determined as 4.200.00 TL for the year of 2020.

Author Selma Kıy, Category Taxation Law

07January2020

2020 1st Period - Maximum Severance Payment Amount Has Been Declared

According to the 27998389 - 010.06.02-13659 numbered Circular published by the Ministry of Treasury and Finance on 06.01.2020 with the subject ‘Financial and Social Rights’, the coefficients used to calculate the wage of a public officers have been revised effective 01.01.2020.

Details on the above-mentioned subject are outlined below.

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 01.01.2020 – 30.06.2020 maximum severance pay to be exempted from income tax is determined as 6.730,15.- TL.

B) Income Tax Exempted Child Support

The following values have been calculated taking these coefficients into account, and shall be applied for the period between the dates of 01.01.2020– 30.06.2020 monthly child support to be exempted from income tax is;

Author Erdoğdu Onur Erol, Category Taxation Law, Labor Law

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