The Law No. 7524 was published in the Official Gazette on August 2, 2024 following the approval of the President and has come into force.

The changes introduced in the omnibus law, which were brought to the agenda and accepted by being published in the Official Gazette, are as follows:

The document titled "Türkiye International Direct Investment Strategy 2024-2028" has been meticulously prepared as a roadmap to ensure sustainable economic development in Türkiye and to promote international investments. The aim is to enhance both the quality and quantity of international direct investments (FDI) in the country. In summary, the document includes the following key points:

Important changes have been made in social security practices with the Law No. 7524 on Amendments to the Tax Laws, Some Laws, and Decree Law No. 375, published in the Official Gazette dated August 2, 2024.

What is Changing?

The per diem amounts exempt from income tax for the period from July 1, 2024, to December 31, 2024, have been calculated based on the per diem amounts listed in Schedule (H) of the Central Government Budget Law for 2024, published in the duplicate Official Gazette dated December 31, 2023, and numbered 32416, effective as of January 1, 2024, and the regulation of Article 24/2 of the Income Tax Law, and the civil servant salary coefficients for the period from July to December 2024.