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08July2015

Severance ceiling base between July and December 2015

Income Tax Exempted Severance Pay

cott-group-semsiye

According to the circular numbered 27998389-010-06-02-6235 released by the General Directorate of Budget and Fiscal Control on 03.07.2015 with the subject 'Financial and Social Rights', the coefficients used to calculate the wage of a civil servant have been revised effective 01.07.2015.

The following values have been calculated taking these coefficients into account, and shall be applied for the period between the dates of 01.07.2015-31.12.2015;

  1. Maximum severance pay to be exempted from income tax is 3.709,98.- TL,

To access the full circular in which these announcements were made, please click here

Please also be advised that the contents of this circular is in Turkish languge.

Written by Fırat Oktürk, Posted in Labour Law

About The Author

Fırat Oktürk

Fırat Oktürk
Boss Governance, Payroll and Administrative Affairs Manager
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