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SSI Premium Support for Employing On-The-Job Trainees Extended

SSI premium support for private sector establishments, who employ trained candidates of training-on-the job programs carried out by Turkish Employment Organization (İŞKUR), has been extended to the end of the 2017. Pursuant to said incentives the employer contribution share of some personnel’s social security premiums will be paid from the …

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Private Sector SSI Premiums to be Postponed

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January, February and March 2017 premium payments of private sector employees who benefit from Treasury’s minimum wage support will be postponed to last three month of the 2017, respectively to October, November and December, according to omniums bill which is accepted in the Parliament’s related commission and expected to be …

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Minimum Wage Support is to Continue in 2017

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Government’s minimum wage support, aimed to reduce the increased employment cost arising from %30 minimum wage hike in 2016, will continue during the 2017, according to omniums bill (colloquially known bag law) which is accepted in the Parliament’s related commission and is being discussed in the General Assembly at present. …

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New Developments on Turkish Private Pension System

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Employees who withdrew from the pension system will be automatically re-enrolled in a pension plan in two years. Employers may contribute for their employees if they wish so. As the effect date of Private Pension system (1st January 2017) is approaching, implementation details becomes clearer by issuance of regulations one …

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Validity and Cancellation of Work Permit in Turkey

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Turkey’s new “International Workforce Law No. 6735”, which is in effect as of 13 August 2016, sets forth new arrangements on validity and cancellation of work permit and work permit exemption. Pursuant to article 15 of said Law, in case of expiration or cancellation by Ministry, work permits and work …

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Turkish Cabinet Decree on Project-Based Investments Issued

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Details of the supports on project-based innovative, R&D focused and high value-added product investments announced by a cabinet decree issued in Official Gazette No. 29900, dated 26 November 2016. Law No. 6745, article 80 has been authorized council of ministers to decide and implement such supports and incentives.

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Turkey’s Project-Based Incentives Are in Force

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  100% Corporate Tax exemption, Value Added Tax exception, and Custom Duty exemption in the import of machinery and equipment, free land allocation and many other incentives will be granted for eligible investments. The “Law on Supporting Investments on Project-Basis … No. 6745,” intended to achieve innovative technology and higher …

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