Pathway: Current 2014 Legal parameter changes

2014 Legal parameter changes

E-mail Print

Changes in the legal parameters of the minimum wage ceiling and floor amounts of Monthly SSI contributions, retirement benefits, and child benefits, for the year of 2014 have been made available. Please Click here for additional details.

  1. Minimum wage

Term

Amount

01.01.2014-30.06.2014

1.071,00.-TL/ Gross

01.07.2014-31.12.2014

1.134,00.-TL/ Gross

 

  1. SGK (Social Security Institution) Maximum and Minimum Amounts

Social Security

01.01.2014-30.06.2014

01.07.2014-31.12.2014

Minimum Social Security Base

1.071,00.-TL

1.134,00.-TL

Maximum Social Security Base

6.961,50.-TL

7.371,00.-TL

 

  1. Income Tax Exempted Food Allowance

    Meal allowance tax exemption amount that is applied as of 1st January 2014 was announced in 285 serial numbered Income Tax General Communique on 30.12.2013 with the Repeating Official Gazette. According to this announcement, meal allowance, which is provided by the employer outside of the workplace and workplace outbuildings as defined in the Income Tax Law's 23rd Articles, exemption amount is defined as 12,00TL for 2014.

 

  1. Income Tax Exempted Severance Pay and Child Support

    Indexes used in calculation of civil servant, publicized on Official Gazette dated 14th of August, No: 28735 are identified to take effect on 1 January 2014 date.**

    Following values are calculated taking these indexes into consideration, and shall be applied for 01.01.2014-31.12.2014 period;

  • Maximum severance pay to be exempted from income tax is 3.429,44.- TL,

  • Monthly child support to be exempted from income tax is;

    • For children of 0-6 age group 38,40 TL

    • For the others 19,20.- TL.


**These amounts might be redetermined by the authority according to changes on TEFE-TUFE rates. In this case, we will inform you about the new amounts.


  1. Disablement Degree Discount

    Disability tax discount amounts which are applied as of 1st January 2014 come into force with publication of 285 serial numbered Income Tax General Communique on 30.12.2013 and 28867 numbered the Repeating Official Gazette.
    According to this announcement, disability tax exemption which is defined in the Income Tax Law's 31st Article are as follows;

    1st degree 800 TL
    2nd degree 400 TL
    3rd degree 190 TL

  1. Income Tax Brackets of 2014

    Income tax brackets that are used in salary calculations as of 1st January 2014 was published in 285 serial numbered Income Tax General Communique on 30.12.2013 and with 4th Repeating Official Gazette.

    According to this announcement,

 

Min

 

Max

%

0

-

11.000

%15

11.001

-

27.000

%20

27.001

-

97.000

%27

97.001 and more

-

 

%35

  1. Stamp Tax Rate

According to 30 December 2013 dated and 28867 numbered Official Gazette, the stamp tax amount that are used for the declarations are determined below The effective date of the new stamp tax rate is 1st of January.

i. Stamp tax amount of Social Security Declaration is 20,30 TL
ii.Stamp tax amount of Withholding Tax Declaration is 27,20 TL

Please contact your customer representative for additional information and requests regarding above matter.