WILL AGI BE AWARDED IN 2022?

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IS AGI UP YET? WILL AGI 2022 BE AWARDED?

In order to compensate for the loss of income caused by the abolition of the tax refund system for wage earners, the AGI in force has been abolished. With the adoption of the tax exemption from the minimum wage, which has been discussed for days, to be applied to other employees, the AGI, which has been in force for the last 14 years, will no longer be granted. With the abolition of the minimum subsistence allowance, the net advantage of the income tax and stamp duty exemption for single employees was 300 TL.

It was announced that the AGI, which entered our lives in 2008, will continue for those who earn wage income above the minimum wage, but it will no longer be issued with the legalization of the proposal discussed at the General Assembly of the Grand National Assembly, which includes exempting employees’ salaries from Income and Stamp Duty as much as the minimum wage.

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IS AGI UP YET?

It was agreed that the tax exemption from the minimum wage, which has been discussed for days, should also be applied to other employees. The proposal discussed at the General Assembly of the Parliament, which includes exempting employees’ salaries from Income and Stamp Duty as well as the minimum wage, has become law. The Minimum Subsistence Allowance (AGI) application, which has no scope of application, has also been removed.

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A MONTHLY CONTRIBUTION OF 38 TL TO AN EMPLOYEE WITH THREE CHILDREN WHOSE WIFE DOES NOT WORK!

Until 01.01.2008, wage earners were collecting vouchers, invoices and delivering them to the institution where they worked with a declaration, receiving a tax refund. The establishment of a minimum subsistence allowance, which was applied from January 01, 2008, to compensate for the loss of income caused by the abolition of the tax refund system for wage earners, has now become the date.

The minimum subsistence allowance was the material support that the employee received for the maintenance of his dependents. It was an allowance paid according to the gross amount of the minimum wage, according to which the employee was married or single, his spouse did not work or work, and the number of children. The government abolished the minimum subsistence allowance for all employees on the grounds that a 50% increase was made to the minimum wage, income and stamp duty that hit the minimum wage were excluded for all wage earners. The amount that hit the minimum wage was excluded from income tax, but those who received the least benefit from the abolition of the minimum subsistence allowance (only an exception for Stamp Duty of £ 38), employees who did not work with a spouse and had three children, were the ones who received the least benefit.

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HOW MUCH TL WOULD AGI BE IN 2022?

If the AGI was abolished, the lowest AGI payment would rise to 402 TL in 2022.

– Married wife not working: 481 TL

– Married wife employee: 402 TL

– Wife who does not work and has a child: 543 TL

– His wife is an employee and has a child: 462 TL

– His wife is not working and has two children: 603 TL

– His wife is an employee and they have two children: 522 TL

– A spouse who does not work and has three or more children: 684 TL

– His wife is an employee and they have three children: 603 TL

– His wife is an employee and they have four children: 643 TL

– His wife is an employee and they have five children: 684 TL

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