Practical Information


The upper limit for drawing up of retail sales slips or payment recording device voucher (as of 01.01.2018)

The upper limit to be purchased for the furniture, fittings and fixtures to be directly expense-recorded (as of 01.01.2018)

The amount exempted from income tax in rental fees paid for housing (2018)

Default interest/as of 01.07.2017)

Disability allowance (year 20108 for 1st degree disabled)

Disability allowance (year 2018, for 2nd degree disabled)

Disability allowance (year 2018, for 3rd degree disabled)


DOMESTIC DAILY ALLOWANCES EXEMPTED FROM INCOME TAX

Gross Salary Total to be Paid as of Daily Allowance Exempted

01.01.2018-30.06.2018 (TL)

2.730,85 and higher

2.710,81-2.730,34

2.472,00-2.710,80

2.168,06-2.471,99

1.798,44-2.168,05

1.798,43 and lower


THE RATES OF DELAY SURCHARGES TO BE CALCULATED PURSUANT TO LAW 6183

Rates of Delay Surcharge (Period)

02.12.2000-28.03.2001

29.03.2001-30.01.2002

31.01.2002-11.11.2003

12.11.2003-01.03.2005

02.03.2005-20.04.2006

21.04.2006-18.11.2009

19.11.2009-18.10.2010

As Of 19.10.2010


TEMPORARY TAX RATES (FOR 2018)

For Income Lax Liables

For Corporation Tax Liables


MEAL ALLOWANCE EXEMPTED FROM INCOME TAX/DAILY

01.01.2018-31.12.2018 (Excluding VAT)

STAMP DUTY RATES TO BE LEVIED OVER DOCUMENTS RELATING TO CERTAIN TRANSACTIONS (2018)

On Wages

On Rent Contracts

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

Tender Awards

Balance Sheets

Profit/Loss Statements

Annual Income Tax Returns

Annual Corporation Tax Returns

Income Withholding Tax Returns

INCOME TAX TARIFF APPLICABLE ON INCOME

(for the year 2018)

Income Brackets

Up to TL 14.800 TL

For TL 34.000 for the first TL 14.800, TL 2.220, for above:

For TL 120.000 for the first TL 34.000, TL 6.060, for above:

For more than TL 120.000: for the first TL 120.000, TL 29.280, for above:

PENALTIES OF NON-COMPLIANCE ENVISAGED FOR CERTAIN ACTS (year 2018)

Acts of Non-Compliance

Failure to Issue and to Receive invoices, expense receipts, independent professional vouchers and %10 (of the amount required to be specified in the invoice)

producer’s receipts

Failure to keep available or to display tax plates

MINIMUM WAGE TOTALS (01.01.2018)

Gross Total

SSK Premium

Unemployment Insurance Premium

Income Tax Base

Income Tax

Stamp Duty

Withholdings Total

Minimum Living Allowance

Total 1603,12

UPPER AND LOWER LIMITS TAKEN AS BASIS IN THE CALCULATION OF THE SOCIAL SECURITY PREMIUM (year 2018)

Upper Limit (As of 01.01.2018-31.12.2018)

Lower Limit (As of 01.01.2018-31.12.2018)

UNEMPLOYMENT SOCIAL SECURITY PREMIUM TOTALS

(Between 01.01.2010-31.12.2010)

From the Worker

From the Employer

Government Contribution

SEVERANCE INDEMNITY

An Employee; working for a same employer at least one year (360 days) has right to take severance payment in case employment contract ends by employer without explicit faults of employee’s determined in Labor Law.

Calculation of the severance pay is based on the latest gross salary received from employee. In addition to the base salary, other benefits that can be represented in monetary terms and which have been provided to the employee on a regular basis should also be taken into account in the calculation.

The severance payment within the statutory limit is exempt from income tax, but subject to stamp tax at the rate of 0.759%.

SEVERANCE INDEMNITY TOTALS EXEMPTED FROM INCOME TAX

01.01.2018-30.06.2018


01.07.2018-31.12.2018

The ceiling of severance pay was increased by 8.65 percent to 5 thousand 434 TL. Calculations of those who will receive severance pay in July-December period will be made on the new figure, so workers can get higher compensation. Those who receive their compensation in July August will complete their deficiencies.




NOTIFICATION PERIODS

EMPLOYMENT PERIOD NOTIFICATION PERIOD NOTIFICATION PAYMENT
Less than 6 months 2 WEEKS 2 WEEKS WAGE
Between 6 months to 1,5 years 4 WEEKS 4 WEEKS WAGE
Between 1,5 months to 3 years 6 WEEKS 6 WEEKS WAGE
More than 3 years 8 WEEKS 8 WEEKS WAGE






1000 TL.

1000 TL.


4.400TL.

%9,75

1000 TL.

530 TL.

240 TL.



Daily Allowance Exempted

From Income Tax (TL)

61,50

51,60

48,15

45,20

39,85

38,75



Rate(%)


5

10

7

4

3

2,5

1,95

1,04



%15

%22



4,06 TL.


%0,759

%0,189


%0,948

45,40 TL

21,80 TL

58,80 TL

78,50 TL

38,80 TL



Tax Rate (%)

15

20

27

35


Penalty Total



240 TL

240 TL


2.029 TL

284,13 TL

20,30 TL

1.725,08 TL

258,76 TL

15,40 TL

578,59 TL

152,21 TL

1603,12


15.221,40 TL

2.020 TL.



%1

%2

%1










5.001,76 TL



5.434,00 TL