With the Tax Procedure Law General Communiqué No: 565 published in the Official Gazette dated September 25, 2024 and numbered 32673, the practice of submitting Form BA and Form BS notifications starting from the notifications for the September 2024 period has been terminated.
For the periods prior to the September 2024 period, the enforcement of of the General Communiqué on Tax Procedure Law (Serial No: 362), General Communiqué on Tax Procedure Law (Serial No: 381) and General Communiqué on Tax Procedure Law (Serial No: 396) will continue.
As is known, the "General Communiqué on the Implementation of the National Vehicle Recognition System (Serial No:1)" published in the Official Gazette dated October 5, 2023 and numbered 32330 mandated the installation of a Vehicle Recognition Unit (VRU) for vehicles acquired through leasing or included in the business and used for work purposes by December 12, 2024. This time, with the "Communiqué Amending the General Communiqué on the Implementation of the National Vehicle Recognition System (Serial No:1)" (Serial No:2), published in the Official Gazette dated September 21, 2024 and numbered 32669, the obligation to install a Vehicle Recognition Unit for vehicles refueling under the NVRS and the following principles regarding the implementation have been added.
Per the criteria set by the Ministry of Industry and Technology, stock option benefits provided to employees at no cost or at a discount by techno-enterprise companies, and considered as wages, are exempt from income tax if their market value on the grant date does not exceed the annual gross wage amount for that year. The relevant details about this exemption have been published on the Official Gazette dated 27.09.2024 and numbered 32675.
The 10th Chamber of the Council of State annulled the provisions of the regulation and circular governing the exemption limit for cash meal payments made by employers to third parties for insured employees, as well as meal payments made through meal coupons, meal cards, meal vouchers, etc., provided against invoices.
