Turkey Gazettes General Communique on Income Taxes for 2025

The Turkish Official Gazette Dec. 30 published General Communique No. 329, on income taxes for 2025. The communique includes measures: 1) setting the tax-exempt income threshold at approximately 1.5 million Turkish lira (US$42,412) for specified sales made electronically; 2) setting the exemption limit at 47,000 lira (US$1,329) per year for residential rental income and exempting up to 240 Turkish lira (US$7) per day for meals served or cash allowances provided to employees; 3) exempting up to 126 Turkish lira (US$4) per day for employee benefits for travelling to and from the workplace; 4) setting the deduction limits for special consumption ...