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Practical Information December 2021

Income Tax Declaration limitation in terms of securities and immovable
property income which are subject to withholding
Income tax tariffs - 2021 (Salaries) The year of income Amount (TRL)
Income bracket Tax rate 2019 40,000
Up to TRL 24,000 15% 2020 49,000
For TRL 53,000; for the first TRL 24,000, TRL 3,600, 20% 2021 53,000
for above
For TRL 190,000; for the first TRL 53,000, TRL 9,400, 27% Declaration limitation in terms of securities and immovable
property income which are not subject to withholding
for above
For TRL 650,000; for the first TRL 190,000, TRL 46,390, The year of income Amount (TRL)
for above 35% 2019 2,200
For more than TRL 650,000, for TRL 650,000, TRL 207,390, 40% 2020 2,600
for above 2021 2,800
Income tax tariffs - 2021 (Other income) Exemption in capital gains (Except securities)
Income bracket Tax rate Year when the gain is derived Amount (TRL)
Up to TRL 24,000 15% 2019 14,800
For TRL 53,000; for the first TRL 24,000, TRL 3,600, 20% 2020 18,000
for above
For TRL 130,000; for the first TRL 53,000, TRL 9,400, 27% 2021 19,000
for above Exemption in incidental income
For TRL 650,000; for the first TRL 130,000, TRL 30,190, 35% Year when the income is derived Amount (TRL)
for above 2019 33,000
For more than TRL 650,000, for TRL 650,000, TRL 212,190, 40% 2020 40,000
for above 2021 43,000
Daily meal allowance exempt from income tax (VAT excluded) The upper limit of severance pay exempt from income tax
Year Amount (TRL)
2019 19.00 Period Amount (TRL)
2020 23.00 01.01.2021 - 30.06.2021 7,638.96
2021 25.00 01.07.2021 - 31.12.2021 8,284.51
Daily transportation amount exempted from income tax Corporate Tax
(VAT excluded)
Interest rates in terms of capital decrease in cash
Year Amount (TRL) Year Rate (%)
2020 12.00 2018 27.04
2021 13.00 2019 12.02
Disability allowance (2021) 2020 19.62
Degree of disablement Amount (TRL) Monthly rental fee of passenger car that can be recognized
For 1 degree disabled 1,500 as expense
st
For 2 degree disabled 860 Year Amount (TRL)
nd
For 3 degree disabled 380 2020 5,500
rd
Minimum living allowance - TRL (2021) 2021 6,000
Status of Number of children SCT and VAT amount which can be recognized as expense
spouse No 1 2 3 4 5 or more for the acquisition of passenger car
Year Amount (TRL)
Employed 268.31 308.56 348.81 402.47 429.30 456.13 2020 140,000
Unemployed 321.98 362.22 402.47 456.13 456.13 456.13 2021 150,000
Exemption for house rental income Acquisition fee which can be subject to depreciation in
Year when the income is derived Amount (TRL) terms of passenger cars
2019 5,400 Amount (TRL)
2020 6,600 Year Initial acquisition fee Acquisition fee
2021 7,000 excluding SCT and VAT including SCT and VAT
Reduction amount for commercial profits in simple earnings basis 2020 160,000 300,000
The year of profit Amount (TRL 2021 170,000 320,000
2019 11,000
2020 13,000
2021 -----
26 December 2021