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Taxation Law


2021 1st Period - Maximum Severance Payment Amount

According to the 27998389 - numbered Circular 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 to be effective as of 01.01.2021.

Income Tax Exempted Severance Pay

The following value has been calculated taking these coefficients into account and shall be applied for the period between 01.01.2021 – 30.06.2021 maximum severance pay to be exempted from income tax is determined as TRY 7.638.96.

To access the full circular in which these announcements were made, please click here. (Please also be advised that the contents of this circular are in Turkish language.)

Written by Erdoğdu Onur Erol, Posted in Taxation Law, Labor Law


2021 Legal Parameter Changes

  • Income Tax Exempted Food Allowance
  • Income Tax Exempted Commuting Allowance
  • Disability Degree Discount
  • Income Tax Brackets of 2021
  • Stamp Tax Rate

Written by Erdoğdu Onur Erol, Posted in Social Security Law and Legislation, Taxation Law


2021 Minimum Wage & the Minimum Subsistence Allowance Rates (MSA)

a. Minimum Wage

In The press release dated December 28, 2020 the Ministry of Labor along with the Minimum Wage Determination Committee have announced the minimum wage to be effective for the year of 2021 as shown in the table below.

Written by Erdoğdu Onur Erol, Posted in Social Security Law and Legislation, Taxation Law


Notice for the Legal Obligations for November 2020

The publication below may be out of date due to postponements and recent announcements. Please contact your client representative to have further information and for your queries about the recent announcements regarding your legal obligations.

Sanitation Tax

Sanitation tax is collected in 2 installments each year from the workplaces that benefit from the municipal solid waste collection and sewerage services. Deadline for the second installment is 30.11.2020.

Payments can be also deposited via E-Municipality system.

Written by Selma Kıy, Posted in Taxation Law

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