7194 Sayılı Kanun ile Gelir Vergisi Tarifesinde Değişiklik Yapılması (İngilizce Versiyonu)

Tax Brackets	Tax Rate
0,00 - TRY 18.000	15%
From TRY 18.000 to TRY 40.000	20%
From TRY 40.000 to TRY 98.000 (for employment income from TRY 40.000 to TRY 148.000)	27%
From TRY 98.000 to TRY 500.000 (for employment income from TRY 148.000 to TRY 500.000)	35%
Over TRY 500.000	40%

 

The first four brackets of the current rate has not been changed; however, earnings exceeding TRY 500.000 will be subject to 40% income tax.

 

Salary income derived in 2019 is subject to the previous income tax tariff. For income other than salary, the new tariff will be applicable for the income derived in 01.01.2019 - 31.12.2019.

 

1. Income Tax Return Declaration Obligation For The Wages

According to article 15 of this Law, subparagraph (b) of paragraph (1) of the first paragraph of the 86th article of the Income Tax Law has been amended. Those who receive salary income more than amount TRY 500,000 are required to submit a declaration by the end of March of the following year; 

• Those who receive salary income that is subject to withholding tax by their only employer and more than the amount stated in the fourth income tax bracket (TRY 500,000) are required to file an income tax return. 

• For salary income received from more than one employer within the same year and that is subject to withholding tax, those who receive salary income are required to file an income tax return if the total yearly salary income exceeds the amount stated in the fourth income tax bracket (TRY 500,000) and the total salary income received from the first employers exceeds the amount stated in the second income tax bracket (TRY 40,000).
  

This change will apply for income received as of 01.01.2020.

 

You can access the Law No. 7194 at the following addresses:

 

https://www.resmigazete.gov.tr/eskiler/2019/12/20191207-1.htm

 

Best Regards,