2018 Legal Parameter Changes

• Income Tax Exempted Food Allowance
• Disablement Degree Discount
• Income Tax Brackets of 2018
• Stamp Tax Rate

Income Tax Exempted Food Allowance

Meal allowance tax exemption amount that is applied as of 1st January 2018 was announced in 302 serial numbered Income Tax General Communique on 29.12.2017 with Official Gazette. According to this announcement, meal allowance, which is provided by the employer outside of the workplace and workplace outbuildings as defined in the Income Tax Law's 23rd Articles, exemption amount is defined as 16.00 TL for 2018.

Disablement Degree Discount

Disability tax discount amounts which are applied as of 1st January 2018 come into force with publication of 302 serial numbered Income Tax General Communique on 29.12.2017 and 30285 numbered Official Gazette.

According to this announcement, disability tax exemption which is defined in the Income Tax Law's 31st Article are as follows;

• 1^st degree 1000 TL
• 2^nd degree 530 TL
• 3^rd degree 240 TL

Income Tax Brackets of 2018

Income tax brackets that are used in salary calculations as of 1st January 2018 was published in 302 serial numbered Income Tax General Communique on 29.12.2017 and with Official Gazette.

According to this announcement,

Stamp Tax Rate

The new stamp tax amount which will be applicable to declarations has been announced in the official gazette numbered 30285, dated 29.12.2017, and is as shown below:

1. Stamp tax amount of Social Security Declaration is 28,90 TL
2. Stamp tax amount of Withholding Tax Declaration is 38,80 TL

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