allowances – Muhasebe News https://www.muhasebenews.com Muhasebe News Thu, 28 Feb 2019 14:27:04 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 Are we subject to stamp duty cut for travel allowances? https://www.muhasebenews.com/en/are-we-subject-to-stamp-duty-cut-for-travel-allowances/ https://www.muhasebenews.com/en/are-we-subject-to-stamp-duty-cut-for-travel-allowances/#respond Thu, 28 Feb 2019 14:30:40 +0000 https://www.muhasebenews.com/?p=49071 Are travel allowances we pay to our employees subject to the stamp duty?

 

The allowances for domestic and foreign travels are subject to the stamp tax. The other payments are not subject to the stamp duty.

 

 

 

 

 

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/are-we-subject-to-stamp-duty-cut-for-travel-allowances/feed/ 0 Are Salaries and Wages Subject to Income Tax in Turkey? https://www.muhasebenews.com/en/are-salaries-and-wages-subject-to-income-tax-in-turkey/ https://www.muhasebenews.com/en/are-salaries-and-wages-subject-to-income-tax-in-turkey/#respond Thu, 04 May 2017 09:18:44 +0000 https://www.muhasebenews.com/?p=15128 Income derived from dependent personal services is subject to the income tax. This income comprises such income from all kinds of employment in both public and private sector as salaries and wages, as well as associated supplementary income such as allowances, bonuses, anniversary gifts, gratuities, commissions, premiums, compensations and other wage and salary related remunerations including benefits in kind at market value.

In determining taxable amount of salaries and wages, the following expenditures are allowed to be deducted from gross amount:
– Legal deduction made according to various laws or regulations,
– Payments made for pensions,
– Payments made for various insurances,
– Payments made for labor union membership.

Source: Revenue Administration

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

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