In 2022, the law proposal, which stipulates that income and stamp tax will not be collected from wages and salaries equal to the minimum wage, was accepted. It was noted that for those who receive wages from more than one employer, this exception will only be valid for the highest wage.
While the expected increase in the minimum wage was made for 2022, the employer was afraid of the burden with this increase. However, in order to reduce this burden, it was announced that the income and stamp tax taken from the minimum wage would no longer be collected. Today, wages and salaries are less than the minimum wage. Law proposal that includes not collecting income and stamp taxIt was accepted in the Planning and Budget Committee of the Grand National Assembly of Turkey.
According to the accepted proposal, income and stamp tax will not be collected from the amount of all wages and salaries equal to the minimum wage. In the taxation of the wage income exceeding the exemption of the wages corresponding to the remaining amount after deducting the worker SSI and unemployment insurance premiums from the monthly gross amount of the minimum wage valid in the month in which the payment is made, the amount and rates of the income segment for which the tax will be calculated taking into account the amounts covered by the exception will be determined.
For those who receive wages from more than one employer, the highest wage will be calculated.
Thus, after the tax amount to be paid is calculated, within this amount, The portion corresponding to the exception amount will be deducted.. The tax that will not be collected due to the exception will not exceed the tax that should be calculated over the minimum wage in the relevant month. For those who receive wages from more than one employer this exception will only apply to the highest wage.
Since 85% of the monthly gross amount of the minimum wage will be exempted from income tax in the taxation of wage income, there is no application area. Minimum Living Allowance regulation will also be repealed.. Based on the portion of the wages paid to the service personnel corresponding to the monthly gross minimum wage. No stamp duty will be charged.
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