Kibkom North Cyprus Forum

Income tax deduction allowance has increased from 320000 to 480000 tl


Another tax hole to fill...

40000 tl tax free per month earnings.

Its about £900..not that far off uk personal allowance...
I suppose last year as the minimum wage increased they will have collected more taxes but looks an unlikely scenario this year so where will all the tax revenue come from?

Can you explain more, I didn't think there was any PAYE type system here?

I genuinely don't understand how the public service wages are paid??

Similar tax system to everywhere else in the world.
https://erdalco.com/vergi-mevzuati/

You can check everything here. Allowances ...tiered tax rates employee& employer deductions similar to ni...

Thanks for taking the time to share that link

How is Personal Tax (if any) paid by retailers who keep their cash in a drawer under the counter or in back pocket, don't give receipts and if they do don't pay VAT . I am aware that their costs to customers would increase if paying tax was made mandatory!