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;

Monthly child support to be exempted from income tax is;

• For children 0-6 years of age – 41,54.- TL,
• For children over 6 years of age – 20,77.- TL.

Income Tax Exempted Severance Pay

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,

Turkish expats living and working abroad may apply for retirement if they meet the eligibility requirements. Turkish residency is not a requirement during the initial application process, even though, it becomes mandatory in order receive pension payments. In order to benefit from this option, applicants will need to make contribution payments in order to receive their pension.

Electronic books and e-invoices were introduced to the Turkish accounting system in 2008, and started to be used voluntarily subsequently in 2010 and 2011. In 2012, certain tax payers were gradually required to use e-books and e-invoicing¹, and recently the Communiqué 454, published in the Official Gazette in 20/06/2015, has expanded its application to include: