Certain Monetary aggregates to be applied in 2023 in scope of Income Tax Law have been announced.

Certain monetary aggregates applicable for 2023 and calculated by Ministry of Treasury and Finance through using re-valuation rate (122,93%) determined for 2022 is as follows:

1. Exemption amount in terms of housing rental income: 21.000 TRY,
2. The exemption amount for the benefits provided by the employers in cases where meals are not provided to the service personnel, at the workplace or in the outbuildings: 110 TRY,
3. Exemption amount for the benefits provided by the employers for the employees to go to and from the workplace: 56 TRY,
4. Disability discount amounts respectively: 4.400 TRY, 2,600 TRY and 1,100 TRY
5. During the determination of commercial earnings and self-employment earnings; The deductible rental amount for each of the passenger cars acquired through leasing: 17.000 TRY,
6. During the determination of commercial earnings and self-employment earnings; The total amount of special consumption tax and value added tax that can be deducted as an expense in the first acquisition of passenger cars: 440.000 TRY,
7. During the determination of commercial and self-employment earnings, the amount that can be depreciated, valid for passenger cars; 500.000 TL excluding special consumption tax and value added tax, 950.000 TL in cases where taxes are added to the cost price or when the passenger car is acquired as second hand,
8. General conditions for being subject to simple earnings basis respectively: 35,000 TRY and 22,000 TRY
9. Specific conditions for being subject to simple earnings basis respectively: 440.000 TRY, 700,000 TRY and 440,000 TRY
10. Exemption amount regarding appreciation income: 55.000 TRY,
11. Exemption amount for incidental income: 129.000 TRY,
12. Declaration limit for securities and real estate capital gains subject to withholding: 150.000 TRY,
13. Declaration limit for securities and real estate capital gains that are not subject to withholding and exception application: 8.400 TRY,
14. The maximum amount of discount that tax-compliant taxpayers can benefit from in their annual income and corporate tax returns, which must be submitted as of January 1, 2023: 4.400.000 TRY.

These amounts were announced with the Serial No 323 Income Tax General Communiqué published in the 2nd repeated Official Gazette dated 30 December 2022.