#2026/211Gelir Vergisi (Sosyal Güvenlik Yardımları İstisnası) Yönetmeliği 2026
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The Income Tax (Exemption of Social Security Benefits) Regulations 2026 states that certain social security benefits and payments will not be taxed. This means that individuals receiving these benefits will not have to pay income tax on them. This change affects anyone who receives social security benefits.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Introduces a new scheme for social security benefits and payments.
- Exempts these benefits from income tax liability.
- Modifies existing tax regulations to include the new scheme.
Obligations
What this law requires
Modify Chapter 5 of Part 10 of the Income Tax (Earnings and Pensions) Act 2003 to insert the new scheme of social security benefits and payments into Table B in section 677 of ITEPA
Ensure that specified social security benefits listed in Table B of section 677 ITEPA are not subject to income tax liability
Cease collecting income tax on social security benefits that are designated as exempt under the new regulations