Turkey:
State Council Decision About The Notice Taxation
16 September 2021
CottGroup
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State Council Tax Cases Court has published a decision (E: 2020/17, K: 2021/2) regarding the
taxation of the notice payments.
Per the published decision, the notice payments paid under
mutual agreements before March 27, 2018 would be deemed as wage per
Article 61 of Income Tax Law No. 193. Accordingly, the notice
payments would be subject to taxation.
You can reach the relevant decision via the link (In Turkish.)
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.
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