How do tax deduction of stamp tax are calculated?

In Turkey, stamp tax (also called “stamp duty”) for monthly salaries is calculated by applying the stamp tax rate to the portion of salary subject to stamp tax. While the specific rate can change, a commonly used rate in recent periods has been 0.759% (or 7.59 per mille).

Below is a simplified example:

1. Determine the salary subject to stamp tax

   • Let’s assume the employee’s monthly gross salary subject to stamp tax is TRY 10,000.

   • (Note: In practice, certain exemptions—such as amounts up to the monthly minimum wage—could reduce the portion subject to stamp tax.)

2. Apply the stamp tax rate

   • Stamp Tax = Gross Salary * Stamp Tax Rate

   • Stamp Tax = 10,000 * 0.759%

   • Stamp Tax = TRY 75.90

3. Reflect this on the payslip

   • The amount of TRY 75.90 is withheld as stamp tax.

Hence, if an employee’s monthly gross salary were TRY 10,000 and the entire amount were subject to stamp tax, the employee would pay TRY 75.90 in stamp tax for that month.

Important Note:

• As of recent regulations, the portion of wages up to the minimum wage is exempt from both income tax and stamp tax, so in practice, you would only apply the stamp tax rate to the amount above the minimum wage threshold.

• Always check the current stamp tax rate, as it may be updated or adjusted by the government.

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