The amount of lunch voucher/coupon exempted from tax in 2017 will be
14 TL + %8 VAT = 15,12 TL.
In 2017, the amount of lunch voucher exempted from income tax is determined as 14 TL (15,12 TL including VAT) according to Income Tax General Communique no 296 established in Official Gazette no 29931 and dated 27.12.2016.
In 2016, the amount of exemption was 13, 70 TL + VAT = 14, 80 TL. It has been increased to 0, 30 TL+ VAT in 2017.
If the amount of lunch is budgeted as 15,12 TL for the employees who work between the dates of 01.01.2017 and 31.12.2017, the amount of lunch voucher will be exempted from income tax. It means that there will be no income tax deduction for that amount.
If the budget for the amount of lunch voucher is set more than 15,12 TL, the employer will pay income tax for that excess.
If the employer pays the amount of lunch in cash, there will be no exception. The whole amount will be regarded as a fee and it will be subject to deductions.
Source: 27.12.2016-29931 Official Gazette
Date: 16 January 2017
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