2020 Legal Parameter Changes

• Income Tax Exempted Food Allowance
• Income Tax Exempted Commuting Allowance
• Disablement Degree Discount
• Income Tax Brackets of 2020
• Stamp Tax Rate

Income Tax Exempted Food Allowance

Meal allowance tax exemption amount that is applied as of 1st January 2020 was announced in 310 serial numbered Income Tax General Communique on 27.12.2019 dated and 30991 numbered 2rd bis Official Gazette. According to this communique, meal allowance which is provided by the employer outside of the workplace and workplace outbuildings as defined in the (8)th clause of Article 23 of Income Tax Law, exemption amount is defined as 23.00 TL to be applied for 2020 calendar year.

Income Tax Exempted Commuting Allowance

Commuting allowance tax exemption amount that is applied as of 1st January 2020 was announced in 310 serial numbered Income Tax General Communique on 27.12.2019 dated and 30991 numbered 2rd bis Official Gazette. According to this communique, commuting allowance which is provided by the employer for the commuting of the employees to work place as defined in the (10)th clause of Article 23 of Income Tax Law, exemption amount is defined as 12.00 TL to be applied for 2020 calendar year.

Disablement Degree Discount

Disability tax discount amounts which are applied as of 1st January 2020 come into force with publication of 310 serial numbered Income Tax General Communique published on 27.12.2019 dated and 30991 numbered Official Gazette.

According to this communique, disability tax exemption which is defined in the Art. 31 of the Income Tax Law, as follows;

1. First Degree Disablement Discount 1400,00 TL
2. Second Degree Disablement Discount 790,00 TL
3. Third Degree Disablement Discount 350,00 TL

Income Tax Rates of 2020

Income tax rates that are used in salary calculations as of 1st January 2020 is entered into force by the publication of 310 serial numbered Income Tax General Communique on 27.12.2019 dated and 30991 numbered Official Gazette.

According to this update,

Stamp Tax Rate

The new stamp tax amount which will be applicable to declarations is published on the Stamp Tax Law General Communique with 64 serial number on the Official Gazette numbered 30991, dated 27.12.2019, and is as shown below:

1. Stamp tax amount of Social Security Declaration is 43,70 TL
2. Stamp tax amount of Withholding Tax Declaration is 58,80 TL
3. Stamp tax amount of the new declaration upon combining Withholding Tax and Premium Service Return is 69,70 TL

Please contact your customer representative for additional information and requests regarding above matters.