2021 Legal Parameter Changes

• Income Tax Exempted Food Allowance
• Income Tax Exempted Commuting Allowance
• Disability Degree Discount
• Income Tax Brackets of 2021
• Stamp Tax Rate

Income Tax Exempted Food Allowance

Meal allowance tax exemption amount that is applied as of 1st of January 2021 was announced in 313 serial numbered Income Tax General Communique on 29.12.2020 dated and 31349 numbered bis Official Gazette. According to this communique, meal allowance which is provided by the employer outside of the workplace and workplace outbuildings as defined in the (8)th clause of Article 23 of Income Tax Law, exemption amount is defined as 25.00 TRY to be applied for 2021 calendar year.

Income Tax Exempted Commuting Allowance

Commuting allowance tax exemption amount that is applied as of 1st of January 2021 was announced in 313 serial numbered Income Tax General Communique on 29.12.2020 dated and 31349 numbered bis Official Gazette. According to this communique, commuting allowance which is provided by the employer for the commuting of the employees to workplace as defined in the (10)th clause of Article 23 of Income Tax Law, exemption amount is defined as 13.00 TRY to be applied for 2021 calendar year.

Disability Degree Discount

Disability tax discount amounts which are applied as of 1st of January 2021 come into force with publication of 313 serial numbered Income Tax General Communique published on 29.12.2020 dated and 31349 numbered Official Gazette.

According to this communique, disability tax exemption which is defined in the Art. 31 of the Income Tax Law, as follows;

1. First Degree Disability Discount 1.500 TRY
2. Second Degree Disability Discount 860,00 TRY
3. Third Degree Disability Discount 380,00 TRY

Income Tax Rates of 2021

Income tax rates that are used in salary calculations as of 1st of January 2021 is entered into force by the publication of 313 serial numbered Income Tax General Communique on 29.12.2020 dated and 31349 numbered Official Gazette.

According to this update,

Stamp Tax Rate

The new stamp tax amount which will be applicable to declarations is published on the Stamp Tax Law General Communique with 65 serial number on the Official Gazette numbered 31349, dated 29.12.2020, and is as shown below:

1. Stamp tax amount of Social Security Declaration is 47,60 TRY
2. Stamp tax amount of Withholding Tax Declaration is 64,10 TRY
3. Stamp tax amount of the new declaration upon combining Withholding Tax and Premium Service Return is 76,00 TRY

You can reach Income Tax Communique No 313 via the link (in Turkish).

You can reach Stamp Tax Communique No 65 via the link (in Turkish).

You can reach Stamp Tax Table via the link (in Turkish).

Please contact your customer representative for additional information and requests regarding above matters.