The social security premium and income tax exemptions applied to electricity, natural gas, and similar heating allowances, as announced in the Circular No. 2022/26 issued by the Social Security Institution and the Income Tax General Communiqué No. 322 published by the Revenue Administration, have expired as of June 30, 2023.

The social security premium exemption amount for the meal to be applied has been determined as 105.75 TL per day for the period between July 1, 2023 and December 31, 2023.

447.15 TRY x % 23,65 = 105.75 TRY (Daily exemption amount)

The exceed amount will be subject to premium deduction.

a. Minimum Wage

In The press release dated June 20, 2023, the Ministry of Labor along with the Minimum Wage Determination Committee have announced the minimum wage to be effective as of July 01, 2023, as shown in the table below:

Presidential Decree No. 7300 on the extension of the application and first installment payment periods in the Law No. 7440 on Restructuring of Certain Receivables and Amending Certain Laws was published in the Official Gazette dated May 26, 2023 and numbered 32202.

Within the scope of the relevant decision, the application period has been extended until June 30, 2023 for the transactions to be made within the scope of the Law No. 7440 on the Restructuring of Certain Receivables and the Amendment of Certain Laws.

Transactions subject to extension according to the Presidential Decree are as follows: