Business in Turkey

Tax Reduction for Compliant Taxpayers Starts in 2018

vergiindirimi

We have already informed you that the taxpayers who pay their personal income and/or corporate taxes regularly on time will be benefiting from 5% tax discount not exceeding one million TRY in any case. According to the news we received, Ministry of Finance, Revenue Administration prepared an Income Tax General …

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Withdrawal from Private Pension may be Made Difficult

bes zorunlulugu

The main target of the Private Pension System is to improve the welfare level of employees by providing a supplementary income during retirement and also to increase the domestic savings which is crucial for Turkey’s economic growth. However, according to official statistics about 57% of the participants used their right …

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What is Union Compensation?

sendikaltazminat

Union compensation is a compensation paid to an employee whose employment contract is terminated due to union membership or participation in union activities. The amount of such payment must be determined by labor court, and cannot be less than the employee’s annual wage. Union compensation is arranged in article 25 …

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Calculation of Gross Wage in Severance Payment

kidemtazminatigiydirilmis

As is known qualified employees are paid a severance pay equal to last 30 days’ gross wage for each full year of employment. An employee receives various types of payments and in kind benefits in addition to his base salary, so the term “gross wage” can be interpreted differently. When …

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Obligation of Employing Victims on the Way

magduriyet

In Turkey private sector establishments employing fifty or more employees are required to employ disabled persons not less than 3 % of their number of personnel. For employers who have more than one establishment within the boundaries of a province, the number that the employer must employ shall be computed …

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How Many off Days Can You Take Due to Illness?

rapor

Every employee have the right to take the days off during an illness or injury provided that temporary disability to work is documented by a medical report.  Employer cannot ask or force you to work during this period, and your being ill doesn’t give employer a valid reason for termination …

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Annual Vacation of Seamen in Turkey

seamen

Principles and periods related to paid annual leave of seamen are arranged in article 40 of Maritime Labor Law No.854. Who are seamen? Captain, officer, sailor and other persons who are working in the ships with an employment contract are considered seamen. For application of Maritime Law the ships should …

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How to Calculate the Unused Vacation Pay

Hesap Makinesi

In principle annual leave right cannot be waived and cannot be converted into wage unless the employment contract is terminated. So payment for unused vacations is possible only in case of termination of the contract. Upon the termination the unused annual leave remuneration must be paid to employee or the …

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