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Income Tax Exempted Severance Pay

cott-group-semsiyeAccording to the Cabinet Decision numbered 2015/8057 published in the official gazette numbered 29458 on 27.08.2015;

Retirement benefits will be taken into account in the calculation of Maximum Severance Pay as affective from 1st of September 2015. The following values have been calculated taking these coefficients into account, and shall be applied for the period between the dates of 01.09.2015-31.12.2015;

  1. i. Maximum severance pay to be exempted from income tax is 3.828,37.- TL,


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Written by Fırat Oktürk, Posted in Labor Law

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Fırat Oktürk

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