Business in Turkey

Flexible Working After Childbirth and Adoption in Turkey

flexible-working-after-childbirth-and-adoption-in-turkey

Working class in Turkey isacquainted with first time introduced rights concerning their working times after birth and adoption. Turkish mothers have sixteen weeks statutory maternity leave and may take an additional unpaid leave up to six months starting from this period. There were no arrangements concerning the leaves or pays …

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Nursing Benefit Increased

nursing-benefit-increased

Nursing benefit (colloquially known as “milk money”) is a lump-sum payment made to the insured nursing mother or to the male insurance holder due to his not insured spouse giving birth, to help them to feed their infants. The amount of the benefit isdetermined by the Board of Directors of …

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Funeral Benefit

funeral-benefit

Funeral benefits a lump-sum payment made to the right holders of the insurance holder who deceased when receiving incapacity income due to work accident or occupational disease or permanent incapacity income, invalidity, duty disability or old – age pension or when his/her minimum 360 days of invalidity, old – age …

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2016 Payroll Parameters

2016-payroll-parameters

In Turkey, Payroll Parameters are strictly connected with minimum wage usually determined twice to cover the first and second half of the year; however as an exception minimum wage of 2016 has been raised for ones and will be the same all along the 2016. As result of this only …

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Calculation of Minimum Wage and Its Cost to Employer

CALCULATION OF NET MINIMUM WAGE/GROSS TO NET          TL MINIMUM GROSS WAGE 1.647.00 SSI EMPLOYEE  CONTRIBUTION (%14) 230,58  UNEMPLOYMENT PREMIUM – EMPLOYEE ( % 1 ) 16,47  INCOME TAX BASE 1.399,95  AMOUNT OF INCOME TAX 209,99  STAMP TAX 12,50  TOTAL EMPLOYEE DEDUCTION 469,54 MINIMUM LIVING ALLOWANCE (SINGLE) 123,53 NET  MINIMUM WAGE …

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Tips for Budgeting in 2016

tips-for-budgeting-in-2016

As the new year is approaching finance departments of many companies are very busy with the hard task of preparing the next year’s annual budget which will be a guideline for the future spending and activities of the company.   What makes the upcoming year special is the %30 rise …

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Working Conditions of Persons With Disabilities

working-conditions-of-persons-with-disabilities

After the 3 December has been proclaimed as “International Day of Persons with Disabilities” in 1992, “The Convention on the Rights of Persons with Disabilities and its Optional Protocol” which is signed and ratified by Turkey, was adopted on 13 December 2006 at the United Nations. Purpose of the Convention …

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Obligation of Equal Treatment In Employement

obligation-of-equal-treatment-in-employement

Turkey is a party to many international agreements and conventions, some of which have precedence over domestic laws, aimed at struggling against discrimination between people as regard to religion, sect, race, color, age or sex, and such grounds. Firstly, Article 10 of Constitution sets forth the general framework of “Equality …

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