Page 8 - EY-VG_Aralik_2022_v3

Vergide Gündem
English Translation

Daily food exemption is becoming TRY 110

According to the 12-month averages from October to October, the producer inflation
rate (D-PPI) was announced as 122.93 percent. This rate is also accepted as the
2022 revaluation rate.
The relevant laws specify which amounts will be increased at the revaluation rate and
reset methods. Accordingly, many amounts such as income tax tariff brackets, stamp
taxes, fees, penalties, exemptions and declaration limits that will be valid in 2023 will
be calculated using the revaluation rate.
However, it should be noted that the President has the authority to set a lower or
higher rate than this rate.
Food exemption

In the event that food is not served at the workplace, the income tax exemption can
be benefited if the meal costs, which do not exceed TRY 51 per day in December, are
also deposited into the bank account of the personnel. Daily exemption amount is
becoming TRY 110 for 2023.
Transportation expenses

In cases where the employers do not provide shuttle services to the employees, it
is exempt from income tax provided that the daily transportation cost for the days
worked does not exceed TRY 25.50 as of 2022/July and the related payments are
made in the form of a public transport card, ticket or payment instruments used for
this purpose. The limit of TRY 25.50 will be TRY 56 in 2023.

Income tax tariff
When the income brackets in the income tax tariff are increased at the revaluation
rate (fractions up to 5 percent are deleted), the income tax tariffs that will be valid
for 2023 are as follows:

• Wage income

Tax bracket Tax Rate
Up to TRY 70,000 15%
TRY 10,500 for TRY 70,000 of TRY 150,000, for more 20%
TRY 26,500 for TRY 150,000 of TRY 550,000, for more 27%
TRY 134,500 for TRY 550,000 of TRY 1,900,000, for more 35%
TRY 607,000 for TRY 1,900,000 of more than TRY 1,900,000, for more 40%

• Non-wage income

Tax bracket Tax Rate
Up to TRY 70,000 15%
TRY 10,500 for TRY 70,000 of TRY 150,000, for more 20%
TRY 26,500 for TRY 150,000 of TRY 370,000, for more 27%
TRY 85,900 for TRY 370,000 of TRY 1,900,000, for more 35%
TRY 621,400 for TRY 1,900,000 of more than TRY 1,900,000, for more 40%

8 December 2022