With the Law No. 7524 "Law on the Amendment of Tax Laws and Certain Laws and Decree Law No. 375", which entered into effect after being published in the Official Gazette dated August 2, 2024 and numbered 32620, new regulations were made in the tax legislation. One of the important regulations is related to the "wage exemption in the issuance of share certificates to employees".

The Law No. 7524 was published in the Official Gazette on August 2, 2024 following the approval of the President and has come into force.

The changes introduced in the omnibus law, which were brought to the agenda and accepted by being published in the Official Gazette, are as follows:

Important changes have been made in social security practices with the Law No. 7524 on Amendments to the Tax Laws, Some Laws, and Decree Law No. 375, published in the Official Gazette dated August 2, 2024.

What is Changing?

The per diem amounts exempt from income tax for the period from July 1, 2024, to December 31, 2024, have been calculated based on the per diem amounts listed in Schedule (H) of the Central Government Budget Law for 2024, published in the duplicate Official Gazette dated December 31, 2023, and numbered 32416, effective as of January 1, 2024, and the regulation of Article 24/2 of the Income Tax Law, and the civil servant salary coefficients for the period from July to December 2024.