VAT Refund Minimum Limit to be Applied in 2025

VAT Refund Minimum Limit to be Applied in 2025

In 2025 financial year, some limits and rates to be applied are as below:

1.Limit for the purchase of fixtures and furnitures that can be directly written off: 9.900 TRY (excluding VAT)

2.Invoice Requirement Limit: 9.900 TRY

3.Exception for daily meal allowance: 240 TRY (264 TRY including VAT)

4.Exception for daily commute allowance: 126 TRY

5.Exception amount for residential rent income: 47.000 TRY

6.Capital gain exception amount: 120.000 TRY

7.Temporary gain exception amount: 280.000 TRY

8.Limit for declaration of movable and real-estate income not subject to withholding and exception: 18.000 TRY

9.Monthly limit of car rentals that can be deductible: 37.000 TRY

10.The limit of car acquisition cost that can be deducted as an expense through depreciation: 2.100.000 TRY

Total Special Consumption Tax and VAT that can be deducted as expense 990.000 TRY
The amount excluding Special Consumption Tax and VAT that can be deducted through depreciation: 1.100.000 TRY

11.Upper limit for tax deductions for taxpayers who are tax compliant: 9.900.000 TRY

12.Inheritance and gift tax exemption amount applied for spouse and children: 2.316.628 TRY

13.Exemption amount applied to gratuitous transfers and lotteries: 53.339 TRY

14.Bookkeeping limit in balance sheet basis: 2.000.000 TRY (purchase), 2.800.000 TRY (sales)

15.Charge amount for cell phones brought by passengers who visit abroad: 45.614 TRY

16.Income tax tariff (2025):

Up to 158.000 TRY : 15%
23.700 TRY for 158.000 TRY of 330.000 TRY, more: 20%
58.100 TRY for 330.000 TRY of 800.000 TRY (58.100 TRY for 330.000 TRY of 1.200.000 TRY in wage income), more: 27%
185.000 TRY for 880.000 TRY of 4.300.000 TRY, (293.000 TRY for 1.200.000 TRY of 4.300.000 TRY in wage income), more: 35%
1.410.000 TRY for 4.300.000 TRY of more than 4.300.000 TRY, (1.378.000 TRY for 4.300.000 TRY of more than 4.300.000 TRY in wage income), more: 40%

17.Gross Minimum Wage: 26.005,50 TRY

Net Minimum Wage: 22.104, 67 TRY

Minimum Wage Employer Cost: 30.881,53 TRY

18.SSI Base Wage: 26.005,50TRY

SSI Ceiling Wage: 195.041,40 TRY

18.Threshold for Receivables Not Worth Litigation or Enforcement: 20.000 TRY

19.The upper limit of stamp duty for each document: 24.477.478,90 TRY