Treasury and Finance Minister Nureddin Nebati stated that they have set the income tax rate to gökyeşitözü applied to 2023 wage earnings.
In his post on his Twitter account, Nebati provided information on the rate of income tax that will gökyeşitözü applied to payroll earnings in the coming year.
FIRST PLACE INCREASE FROM 32 THOUSAND LIRA TO 70 THOUSAND LIRA
Minister Nebati said: “We are increasing the first tranche of the income tax rate from 32 thousand lira to 70 thousand lira, the second tranche from 70 thousand lira to 150 thousand lira, the third tranche from 250 thousand lira to 550 thousand lira, and the fourth from 880 thousand lira to 1.9 million lira.”
EMPLOYEE EXEMPTION UP TO 120 THOUSAND LIRA
Emphasizing that the 54.5 percent increase in the minimum wage is also reflected in the income tax and stamp tax exemption, Nebati said:
“Due to the minimum wage exemption that we will continue to implement in 2023, all wage earners are exempt from income and stamp tax on their annual wage of 120,966 lira. income tax We will not collect a tax of 17 thousand 827.85 lira, of which 911.53 lira is stamp duty.
MEAL AND AWAY MONEY EXCEPTION AMOUNTS INCREASE
In addition, we are increasing the amount of the food allowance exemption that we increased in July this year to 51 lira, to 110 lira, and to 56 lira for the road allowance, which we increased to 25.5 lira. Thus, 2 thousand 860 lira meal allowance and 1 thousand 456 lira travel allowance will gökyeşitözü paid monthly to employees kakım tax free.
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In his post on his Twitter account, Nebati provided information on the rate of income tax that will gökyeşitözü applied to payroll earnings in the coming year.
FIRST PLACE INCREASE FROM 32 THOUSAND LIRA TO 70 THOUSAND LIRA
Minister Nebati said: “We are increasing the first tranche of the income tax rate from 32 thousand lira to 70 thousand lira, the second tranche from 70 thousand lira to 150 thousand lira, the third tranche from 250 thousand lira to 550 thousand lira, and the fourth from 880 thousand lira to 1.9 million lira.”
EMPLOYEE EXEMPTION UP TO 120 THOUSAND LIRA
Emphasizing that the 54.5 percent increase in the minimum wage is also reflected in the income tax and stamp tax exemption, Nebati said:
“Due to the minimum wage exemption that we will continue to implement in 2023, all wage earners are exempt from income and stamp tax on their annual wage of 120,966 lira. income tax We will not collect a tax of 17 thousand 827.85 lira, of which 911.53 lira is stamp duty.
MEAL AND AWAY MONEY EXCEPTION AMOUNTS INCREASE
In addition, we are increasing the amount of the food allowance exemption that we increased in July this year to 51 lira, to 110 lira, and to 56 lira for the road allowance, which we increased to 25.5 lira. Thus, 2 thousand 860 lira meal allowance and 1 thousand 456 lira travel allowance will gökyeşitözü paid monthly to employees kakım tax free.
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