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Practical Information December 2021

Tax Procedures Law (TPL) and Law No. 6183 Inheritance and Transfer Tax
Delay charge and delay interest rates (Monthly) Exemptions (2021)
Period Rate (%) For shares of inheritance corresponding to each
01.07.2019 - 01.10.2019 2.50 descendant including adopted children and the TRL 334,534
02.10.2019 - 29.12.2019 2.00 spouse
Since 30.12.2019 1.60 For share of inheritance corresponding to the TRL 669,479
spouse if there is no descendant
Deferral interest rates (Annual) For transfers conducted without any consideration TRL 7,703
Period Rate (%) For the lottery prizes won from contests and draws
06.09.2018 - 24.10.2019 22 and game of chances organized based on money TRL 7,703
25.10.2019 - 29.12.2019 19 and goods
Since 30.12.2019 15 Tax tariff (2021)
Revaluation rates Tax rate
Year Rate (%) Tax base bracket amounts Transfer Transfer
without any
through
2019 22.58 inheritance consideration
2020 9.11
2021 36.20 For the first TRL 380,000 1% 10%
For the next TRL 900,000 3% 15%
Limit for issuing invoice
Year Amount (TRL) For the next TRL 1,900,000 5% 20%
2019 1,200 For the next TRL 3,600,000 7% 25%
2020 1,400 For the tax base portion 10% 30%
2021 1,500 exceeding TRL 6,780,000
Depreciation limit Minimum Wage and Social Security
Year Amount (TRL) Minimum wage and withholdings
2019 1,200 Payments / withholdings 01.01.2021-31.12.2021 (TL)
2020 1,400 Gross minimum wage 3,577.50
2021 1,500 Social security premium employee’s contribution
Discount and interest rates to be applied in rediscount (14%) 500.85
and advance transactions Unemployment insurance premium employee’s
In rediscount transactions 15.75% contribution (1%) 35.78
In advance transactions 16.75% Income tax base 3,040.87
In rediscount transactions under TPL 16.75% Income tax calculated (15%) 456.13
Note: These rates are applicable to the transactions conducted as of Minimum living allowance (Single) (-) 268.31
19.12.2020.
Stamp Duty Income tax to be withheld 187.82
Stamp duty (7,59 per thousand) 27.15
Maximum stamp duty (For each paper) Total withholdings 751.60
Year Amount (TRL) Net minimum wage 2,825.90
2019 2,642,810.00 Annual gross minimum wage
2020 3,239,556.40
2021 3,534,679.90 Year Amount (TRL)
Stamp duty rates and amounts (2021) 2019 30,700.80
Papers subject to stamp duty Rate/Amount 2020 35,316.00
Contracts 9.48 per thousand 2021 42,930.00
Wages (Including advances) 7.59 per thousand The lower and upper limits of monthly earnings that will be
Rental contracts 1.89 per thousand the basis for social security premium
Balance sheet TRL 74.90 Period Lower limit Upper limit
Income statement TRL 35.80 (TRL) (TRL)
Annual income tax return TRL 97.20 01.01.2021 - 31.12.2021 3,577.50 26,831.40
Corporate tax return TRL 129.80
Value added tax returns TRL 64.10
Withholding and premium service returns TRL 76.00

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