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Profesyonel Kadro
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Home 2016 CURRENT RATIOS AND RATES
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2016 CURRENT RATIOS AND RATES

Income Tax Tariff to be applied on 2016 Incomes
a. Salaries

Income brackets

Tax rate

Up to TRY 12.600

15 %

For TRY 30.000; for the first TRY 12.600; TRY 1.890, for above

20 %

For TRY 110.000; for the first TRY 30.000; TRY 5.370, for above

27 %

For more than TRY 110.000; for TRY 110.000; TRY 26.970, for above

35 %

 

b. Other Income

Income Brackets

Tax rate

Up to TRY 12.600

15 %

For TRY 30.000; for the first TRY 12.600; TRY 1.890, for above

20 %

For TRY 69.000; for the first TRY 30.000; TRY 5.370, for above

27 %

For more than TRY 69.000; for TRY 69.000; TRY 15.900, for above

35 %

Daily Meal Allowance Exempt from Income Tax

Beginning from 01.01.2013 (VAT Exclusive)

TRY 12,00

Beginning from 01.01.2014 (VAT Exclusive)

TRY 12,00

Beginning from 01.01.2015 (VAT Exclusive)

TRY 13,00

Beginning from 01.01.2016 (VAT Exclusive)

TRY 13,70

Disability Allowance (2016)

For 1st degree disabled

TRY 900

For 2nd degree disabled

TRY 460

For 3rd degree disabled

TRY 210

 

 

Minimum Living Allowance (2016)

Partner’s Working Situation

Number of Children

None

1

2

3

4

5 or more

Working

123,53

142,03

160,58

185,29

197,64

209,99

Not Working

148,23

166,76

185,29

209,99

209,99

209,99

Residence Rental Income Exemption

Year of Income

Amount (TRY)

2013

3.200

2014

3.300

2015

3.600

2016

3.800

Increment Value Tax Exemption (Except Securities)

Year of Income

Amount (TRY)

2013

9.400

2014

9.700

2015

10.600

2016

11.000

Incidental Profit’s Exemption

Year of Income

Amount (TRY)

2013

21.000

2014

21.000

2015

23.000

2016

24.000

Severance Pay Amounts Exempt From Income Tax

Period

Amount (TRY)

01.01.2016 - 30.06.2016

4.092,53

01.07.2016 - 31.12.2016

-

Tax Law and Law No. 6183

Delay Surcharge and Delay Interest Rates (Monthly) 

Period

Rate (%)

21.04.2006 - 18.11.2009

2,50

19.11.2009 - 18.10.2010

1,95

As of 19.10.2010

1,40


Deferral Interest Rates (Annual)

Period

Rate (%)

28.04.2006 - 20.11.2009

24

21.11.2009 - 20.10.2010

19

As of 21.10.2010

12

Revaluation Rates

Year

Rate (%)

2012

7,8

2013

3,93

2014

10,11

2015

5,58

Limits for issuing Invoice

Year

Amount (TRY)

2013

800

2014

800

2015

880

2016

900

Limit for Depreciation

Year

Amount (TRY)

2013

800

2014

800

2015

880

2016

900

Discount and Interest Rates to be applied in Rediscount and Advance Transactions

Rate of discount applicable on rediscount transactions (annual)

% 9,0

Rate of interest applicable on advance transactions (annual)

% 10,5

On rediscount transactions in the scope of Tax Procedure Law

% 10,5


PS: These rates apply on transactions made as of 14.12.2014.

Stamp Duty

Maximum Stamp Duty Rates (per paper)

Year

Amount (TRY)

2013

1.487.397,70

2014

1.545.852,40

2015

1.702.138,00

2016

1.797.117,30


Stamp Duty Rates / Amounts (2016)

On wages (including advances)

0,759 %

On contracts

0,948 %

On rent contracts

(over rental fee to be determined according to the contract period)

0,189 %

Balance sheets

TRY 36,90

Income statements

TRY 17,80

Annual income tax returns

TRY 47,80

Corporation tax returns

TRY 63,80

Value added tax and withholding returns

TRY 31,50

Social Security Premium Declaration

TRY 23,50

Inheritance and Succession Tax

Exemptions (2016)

Inheritance Share of Partner and Children including Fosterlings

TRY 170.086

Inheritance Share of the Partner in case there is no Descendant

TRY 340.381

In case of Donations

TRY 3.918

For Tangible Lottery Prices

TRY 3.918

Tax Tariff (2016)

 

Tax Rate

Tax Base Brackets

Descend

Donation

For the first TRY 210.000

% 1

% 10

For following TRY 500.000

% 3

% 15

For following TRY 1.100.000

% 5

% 20

For following TRY 2.000.000

% 7

% 25

For the amount of the tax base that excesses TRY 3.820.000

% 10

% 30

Minimum Wage and Social Security

Minimum Wage and Federal Withholding

Payments / Deduction

01.01.2016-30.06. 2016 (TRY)

01.07. 2016-31.12.2016 (TRY)

Gross Minimum Wage

1.647,00

1.647,00

Social Security Premium Employee Share (%14)

230,58

230,58

Unemployment Insurance Premium Employee Share  (%1)

16,47

16,47

Income Tax base

1.399,95

1.399,95

Calculated Income Tax (%15)

209,99

209,99

Minimum Living Allowance (Single) (-)

123,53

123,53

Deductible Income Tax

86,46

86,46

Stamp Duty (7,59 per thousand)

12,50

12,50

Total Deductions

346,01

346,01

Net Minimum Wage

1.300,99

1.300,99

Annually Gross Minimum Wage

Year

Amount (TRY)

2013

12.000,60

2014

13.230,00

2015

14.850,00

2016

19.764,00

The Lower and Upper Limits That Will Be the Basis for Social Security Premium

Period

Lower Limit (TRY)

Upper Limit (TRY)

01.01.2016-30.06.2016

1.647,00

10.705,50

01.07.2016-31.12.2016

1.647,00

10.705,50