In the General Assembly, the Article 17 of the "Draft Omnibus Bill" on Law on Making Amendments on Certain Laws has been approved on the date 21.03.2018.

In addition The Omnibus Bill Law on the retrospective benefits from the incentives and relevant supports have been approved and announced on the 30373 numbered Official Gazette dated 27.03. The relevant law will be applicable following the month of acceptance, in other words will be applicable as of May 1, 2018 and will be valid until the end of May 2018.

Within the one-month period as of the announcement date on the Gazette, the workplaces that do not apply for the relevant incentive benefits, will lose the right to obtain the retrospective incentives. There is a foreseen excessive workload on the SSI systems and this might lead to issues with submitting declarations along with heavy trafficing on the systems. Therefore, it is crucial for the workplaces to identify the retrospective incentives that can be benefited, at the soonest.

Within the scope of the Income Tax Law numbered 6663 and Law on Making Amendments on Certain Laws, the premium incentive that is currently being applied to certain cities of Türkiye within the scope of regional incentive application has been extended until 31.12.2018 starting as of 01.01.2018, with the announcement made on the Official Gazette dated 10.02.2018 in accordance with the resolution of the Council of Ministers.

a. Minimum wage

In a press release dated December 29, 2017 the Ministry of Labor along with the Minimum Wage Determination Committee have announced the minimum wage to be effective for the year of 2018 as shown in the table below. The Official Gazette related to this change has yet to be released.

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