BAND

Cumulative Taxable Income

 RATE

Taxation on the Band

Cumulative Income Tax

YTL

YTL

%

YTL

YTL

2007 (YTL)

Personal allowance

12,540

Special allowance on earned  net income:

%17

%10

Additional allowances for a taxpayer are:
For wife

a)Living together

1,003.20

b)Divorced

501.60

- For each of those whose status at the beginning of the year are:

a)Children younger than the age of 16 and not    going to school

752.40

b)Child following elementary education

752.40

c)Unmarried daughter with no income 

752.40

d)Child under 20 and undergoing secondary    education

1,003.20

f)Child under 18 and undergoing education outside   TRNC

1,003.20

g)Handicapped child

1,003.20

h)Child between the ages of 18 and 27 and undergoing higher education

1,379.40

Following reductions will be made from  the tax payable of those persons with three or more children

-For the third child

%15

-For every additional child

%5

Handicapped person's allowance:

-50% loss of ability

1,881

-100 % loss of ability

3,762