New tax regulations including the law proposal passed the commission

The Law Proposal on the Amendment of the Income Tax Law and Certain Laws and Decree Law No. 375 was adopted by the TGNA Plan and Budget Commission. According to the proposed proposal, the term of office of the members of the Association of Travel Agencies and Travel Agents is extended from two years to three years. State Supplies Office will perform on behalf of the administration of vehicles, vehicle leasing, fuel purchases and medicines, medical equipment and medical equipment purchases will not apply to the monetary limit specified in the Public Procurement Law. TL 70 billion will be added to the net debt amount increased by the Minister and the President. Insurance and Private Pension Supervision and Regulation Authority will be established. According to the proposal, advertising areas in the Internet area, music, video, game sales will be subject to Digital Service Tax, and the tax rate will be 7.5 percent. The revenue obtained in Turkey or in the entire world, 750 million euros less than £ 20 million will be exempt from tax. The monthly rental fee for each of the passenger cars obtained through the rental of the proposal with up to 5 thousand 500 TL and the excise tax on the acquisition of passenger cars and up to 115 thousand TL of the total amount can be considered as expenses. The new tranche will be added to the income tax tariff with the proposal and the upper tranche will be increased from 35% to 40%. Thus, those who earn 500 thousand pounds and over 40 percent of income tax will give. The proposal introduces a tax under the name of Valuable Housing Tax. Between 5 million TL and 7 million 500 thousand TL worth of residential properties per thousand 3, 7 million 500 thousand TL and 10 million TL 6 thousand per thousand and 10 million TL will be paid for those who exceed 10 thousand.