2022 Income Tax Tariff Announced! – Income Tax Rates 2022

At the end of 2021, on December 21, 2021, the 2022 income tax rates were determined and the income tax tariff to be applied during the year, stamp duties, penalties, fees, declaration limits and of course exemptions were announced! The 12-month PPI from October to October was announced as 36.20. This figure, which means a revaluation for 2022, also shaped the rates in general. Although the President has the authority to determine rates above or below this rate, we can say that the PPI is the main determinant on income tax rates since this authority has not been used except for motor vehicle tax. Let’s take a look at this year’s income tax rates without further ado. Here is our list of income tax rates for 2022…

Income Tax Tariff – 2022 Taxes

Taking into account the revaluation, income tax rates as of 2022 have emerged as follows.

• Wage Income – Income Tax Rates 2022

Income bracket	Tax rate
Up to 32,000 TL	15%
4,800 TL for 32,000 TL of 70,000 TL, for more	20%
12,400 TL for 70,000 TL of 250,000 TL, for more for	%27
61,000 TL for 250,000 TL of 880,000 TL, for more	%35
281,500 TL for 880,000 TL of more than 880,000 TL, for more	%40

• Non-Wage Income – Income Tax Rates 2022

Income bracket	Tax rate
Up to 32,000 TL	%15
4,800 TL for 32,000 TL of 70,000 TL, and more	%20
12,400 TL for 70,000 TL of 170,000 TL, and more	%27
39,400 TL for 170,000 TL of 880,000 TL, and more for	%35
For 880,000 TL of more than 880,000 TL, 287,900 TL, for more	%40

• Stamp Duties – Income Tax Rates 2022

Stamp duties on financial statements and declarations have also increased along with revaluation rates. The new taxes are as follows:

• 102 TL for balance sheets,
• 48.70 TL for income statements,
• 132.30 TL for annual income tax returns,
• 176.70 TL for corporate tax returns,
• 87.30 TL for VAT returns,
• It was decided to pay 103.50 TL stamp duty for withholding tax and premium service returns.

2022 Income Tax Exemptions

• Meal and Transportation Expenses – Income Tax Exemptions

For cases where employees are not provided with food in the workplace, the meal payment, which was 25 lira in 2021, has been increased to 34 lira as of this year. Payments up to 34 lira will be exempt from income tax. Similarly, if employers do not provide transportation to employees, transportation expenses up to 13 lira in 2021 will be evaluated as 17 lira as of 2022. Daily 34 lira meal and 17 lira transportation expenses will be among the income tax exemptions.

• Real Estate Sales – Income Tax Exemptions

Apart from commercial real estate sales, there was an exemption limit of 19 thousand liras as of 2021 for real estate sales made within 5 years. This figure was reduced to 25 thousand liras with the 2022 income tax exemptions. In addition, the 1500 lira income tax exemption determined as the invoice and depreciation limit will be 2000 liras as of 2022.

• Declaration Limit – Income Tax Exemptions

In 2021, the declaration limit for workplace rent, dividends or income obtained from more than one employer was 53 thousand liras. When the income tax rates were announced for 2022, this rate was also reduced to 70 thousand liras.

• Passenger Vehicle Restrictions – Income Tax Exemptions

Since 2020, there have also been increases in passenger car restrictions applied to self-employed and commercial businesses. While the monthly rental fee was limited to 6 thousand in 2021, it increased to 8 thousand liras for this year. Similarly, for purchased vehicles, this rate was increased from 150 thousand to 200 thousand, provided that it is included in the SCT and VAT amounts. In addition, 70% of the fuel, maintenance, highway, etc. fees of passenger cars are among the income tax exemptions.

Compliant Taxpayer Discount for Those Who Pay Their Tax Debts on Time

Another advantage of leaving your tax and other financial affairs to an expert team in the field and ensuring that everything progresses in accordance with the procedures and the official calendar is that you can benefit from compliant taxpayer discount opportunities. Those who are subject to income tax or corporate tax due to their commercial, professional and agricultural activities can benefit from the compliant taxpayer discount if they do not have any past tax debt assessments. This discount, whose upper limit is determined as 2 million liras as of 2022, covers 5% of the annual income or corporate tax return.