The Law on Amending the Tax Procedure Law and Some Other Laws has been published in the Official Gazette dated 26 November 2022. In this Law, with the amendments made in the Tax Procedure Law numbered 213; All kinds of premiums and premium-related debts arising from the insured’s own insurance, including the general health insurance premium, of the insured person who dies as a result of an occupational accident in…
TAXATION OF NOTICE PAY PAID UNDER MUTUAL TERMINATION AGREEMENT In principle, notice pay is not tax-exempt and is subject to income tax. Accordingly, Article 7 of 7103 numbered Law[1] which entered into force on 27/03/2018 indicates that “after the termination of the employment contract; payments and benefits made under various names, such as compensations paid under the mutual termination agreement, compensation for loss of work, termination compensation, job security compensation”…