According to the 27998389 - 010.06.02-13659 numbered Circular published by the Ministry of Treasury and Finance on 06.01.2020 with the subject 'Financial and Social Rights', the coefficients used to calculate the wage of a public officers have been revised effective 01.01.2020.
Details on the above-mentioned subject are outlined below.
A) Income Tax Exempted Severance Pay
The following values have been calculated taking these coefficients into account and shall be applied for the period between the dates of 01.01.2020 – 30.06.2020 maximum severance pay to be exempted from income tax is determined as 6.730,15.- TL.
B) Income Tax Exempted Child Support
The following values have been calculated taking these coefficients into account, and shall be applied for the period between the dates of 01.01.2020– 30.06.2020 monthly child support to be exempted from income tax is;
- For children 0-6 years of age – 73,03.- TL,
- For others – 36,52.- TL
To access the full circular in which these announcements were
made, please click here.
(Please also be advised that the contents of this circular are in
Turkish language.)
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.