Number: 146

Date: 29/12/2017

Title:

Minimum living allowance amounts to be applicable in 2018.


Minimum living allowance is applied at;   

- 50% (for the taxpayer),

- 10% (for the taxpayer's spouse who is unemployed and has no income),

- Separately for each child;

•7,5% (for the first two children),

•10% (for the third child),

•5% (for other children).

of the annual gross amount of the minimum wage which is applicable at the beginning of the calendar year when the wage is received. In the application of minimum living allowance, the amount set as indicated above is multiplied by the rate 15%. Then, the resulting amount is deducted from the calculated tax.

The Minimum Wage Assessment Committee, in the 4th meeting dated 29 December 2017, has set the monthly gross minimum wage amount to be applied in 2018 as TL 2.029,50.

As per that, monthly minimum living allowance amount will be applied as TL 152,21 for a single employee and as TL 258,76 for a married (with an unemployed spouse) employee with 3 children throughout 2018.

 

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.

 

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