Number: 10
Date: 13/01/2023

Title:

Severance pay cap and child allowance amounts exempted from income tax which are redetermined in scope of Law numbered 7431 (01.01.2023-30.06.2023).

According to article 3 of Law numbered 7431 published on Official Gazette dated January 13, 2023, severance pay cap, exempted from income tax calculated through taking into account civil servant wage coefficients:

- Applicable for 01.01.2023-30.06.2023 period is TL 19,982.83,

- Monthly child allowance exempted from income tax is 216,84 TRY for children between 0-6 years old and 108,42 TRY for others.

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.
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