{"id":24636,"date":"2024-10-14T07:20:59","date_gmt":"2024-10-14T07:20:59","guid":{"rendered":"https:\/\/www.azkangroup.com\/?p=24636"},"modified":"2024-10-14T07:29:17","modified_gmt":"2024-10-14T07:29:17","slug":"income-tax-exemption-on-stock-option-benefits-for-techno-enterprise-employees","status":"publish","type":"post","link":"https:\/\/www.azkangroup.com\/income-tax-exemption-on-stock-option-benefits-for-techno-enterprise-employees","title":{"rendered":"Income Tax Exemption on Stock Option Benefits for Techno-Enterprise Employees"},"content":{"rendered":"\t\t
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The Ministry of Industry and Technology has introduced an income tax exemption for stock option benefits provided to employees of designated techno-enterprise companies. According to the regulation, stock options granted at no cost or at a discount to employees are exempt from income tax, provided their market value on the grant date does not exceed the employee’s annual gross wage for the given year. The details of this exemption were published in the Official Gazette<\/em> on 27.09.2024, numbered 32675.<\/p>

Key Points of the Income Tax Exemption<\/span><\/h2>

This exemption applies to stock options and benefits considered as wages under Turkish tax law. Below are the critical details:<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tTreatment of Stock Options as Wages<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Stock options provided to employees, whether free or at a discount, are treated as part of the employee’s wages and are subject to tax under the wage provisions of Turkish tax law.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tTiming of the Benefit<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t