The coefficients to be applicable for the period of 01.01.2018-30.06.2018 within the scope of articles 5 and 8 of 4th term joint agreement published in the Official Gazette dated 25 August 2017 have been identified. Domestic daily allowance amounts exempt from income tax that should be implemented in the same period and the table indicating the new income brackets calculated with the mentioned coefficients are provided below. (Table 1). Gross monthly amount (TL) | Daily amount exempt from income tax | 2.730,35 and over | 61,50 TL | 2.710,81 - 2.730,34 | 51,60 TL | 2.472,00 - 2.710,80 | 48,15 TL | 2.168,06 - 2.471,99 | 45,20 TL | 1.798,44 - 2.168,05 | 39,85 TL | 1.798,43 and lower | 38,75 TL | Also, amounts for foreign daily allowances in foreign currencies set through the Council of Ministers Decision no. 2016/9715 published in the Official Gazette dated 20 January 2017 are provided within the attachment of our circular. (Table 2). Countries | Daily amount | Currency | Countries | Daily amount | Currency | US | 182 | USD | Switzerland | 283 | Swiss Frank | Germany | 164 | Euro | Italy | 152 | Euro | Australia | 283 | Australian Dollars | Japan | 31.405 | Japanese Yen | Austria | 166 | Euro | Canada | 244 | Canadian Dollars | Belgium | 161 | Euro | Kuwait | 50 | Kuwait Dinar | Denmark | 1.238 | Danish Krone | Luxemburg | 161 | Euro | Finland | 148 | Euro | Norway | 1.193 | Norway Krone | France | 160 | Euro | Portugal | 155 | Euro | Holland | 156 | Euro | Saudi Arabia | 617 | Saudi Arabian Riyal | UK | 115 | Sterlin | Greece | 158 | Euro | Ireland | 155 | Euro | Kosovo | 123 | Euro | Spain | 158 | Euro | Other EU countries | 127 | Euro | Sweden | 1.359 | Swedish Krona | Other countries | 157 | USD | Furthermore, matters to take into account concerning the foreign daily allowance implementation are stated as below: •Amount of daily allowance specific to that country is taken as basis for the length of stay at each country concerning the temporary foreign assignment, journeys and presence covering more than one country. • For the first 10 days of international travels and stays, amounts indicated in the table attached to our circular could be paid up 50 % more. Our explanations provided above include general information on the issue. No responsibility can be claimed against EY and/or Kuzey YMM ve Bağımsız Denetim A.Ş. due to the implications arising from the context of this document or emerging with respect to its context. Best Regards, Kuzey YMM ve Bağımsız Denetim A.Ş. |