ARTICLE · 07 JANUARY 2022

Radical Amendments In The Turkish Tax System

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Radical amendments have been made in the Turkish tax system with Income Tax Law (Law no: 7349) published in the Official Gazette numbered 31700 and dated 25.12.2021.

TurkeyTax

Erdoğdu Onur Erol

Radical amendments have been made in the Turkish tax system with Income Tax Law (Law no: 7349) published in the Official Gazette numbered 31700 and dated 25.12.2021.

The details of these amendments are as below:

Income Tax Exemption for All Wages

With the new regulation, an income tax exemption would be applied for all wages.

This income tax exemption will be applied as below:

Minimum wage income tax exemption is applied on monthly basis.
The income tax exemption amount would be the income tax amount calculated over the minimum wage.
If the total gross wage of an employee is higher than the monthly gross minimum wage, income tax would be applicable on the total gross wage amount.

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