Business in Turkey

Taxable Income Brackets Will Not Change in 2018

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Based on Finance Minister’s last week announcement we had informed you that the tax rate applied to 3rd income bracket will be increased to %30 from %27 in 2018. However, during the discussion in the General Assembly this arrangement has been removed from the draft law (Draft law on Amending …

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Payment of Postponed Premiums Begins This Month

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As is known, December 2016, January, February 2017 premium payments of private sector employees who benefit from Treasury’s minimum wage support had been postponed to 2017 October, November and December, as per Omnibus Bill No.6770 issued in Official Journal on 27 Jan 2017. These amounts are used as a credit …

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No Decrease in Net Minimum Wage of 2017

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2017 net minimum wage will not be affected from the shift on taxable income brackets and will not get lower than 1.404 TRY. Draft law on Amending Some Tax Laws and Governmental Decrees , intended to prevent any decrease in 2017 net minimum wage due to shift in the taxable …

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What is Identity Form?

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All employers are obliged to notify their workplace and employers to the police station at which the workplace is established, as per the article 6/b of “Identity Notification Law No. 1774”.  Employers within this scope have to submit their temporary and permanent employees’ identity information by “Manager Identity Notification Form” …

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Can Foreign Employees be Retired in Turkey?

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Yes! Labor legislation of Turkey is applicable to Turkish citizens and foreign employees alike. Also, the Turkish Constitution contains provisions concerning equality, and guarantees the right to social security for everyone. Anyone who are working against wage under an employment contract and paying their social security premiums will be entitled …

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Change in the Taxable Income Brackets on the Way

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Starting from 2018, income tax rate that applied to 3rd taxable income bracket will be increased from 27% to 30%.  In a press conference held for introducing Turkey’s “Medium Term Program,” Finance Minister Naci Ağbal announced some tax hikes and revision in income tax tariff to be applied within the …

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