Dear Members

On 05.07.2024, the coefficients used in the calculation of civil servant salaries in the Circular on Financial and Social Rights numbered 27998389-010.06.02-3248709 published by the Ministry of Treasury and Finance have been determined to be valid as of 01.07.2024.

The following value has been calculated taking these coefficients into account and shall be applied for the period between the dates of July 1, 2024 and December 31, 2024, maximum severance pay to be exempted from income tax is determined as 41,828.42 TRY.

Please click here to access the full text of the circular announcing these changes in Turkish.

We kindly present it for your information.

Source: Av. Fatih M. Küçükbay, Kanuni Avukatlık Bürosu, E-mail : Av. Fatih M. Küçükbay <fatih@kanuniavukatlik.com Tel: 0212 248 05 00