Business in Turkey

The methods of notifying government agencies are going online. The Social Security Institution (SGK) is switching its notifications from paper to electronic. SGK will now make notifications to employers via e-notification. For this application, employers must apply to the Institution and obtain an e-notification address. Legal regulation On September 24, …

With the Official Gazette dated September 30, 2021, both the “Short-Term Insurance Branch Implementation Communiqué” and the “Communiqué on the Procedures and Principles Regarding the Submission of the Notification of the Insured Persons at Rest to the Social Security Institution by the Employers” were repealed. Subclause 9 of Article 40 …

After the fire disaster, it was announced through the media that an arrangement would be made to postpone the insurance premium payments of the workplaces in the region. The expected regulation was made with the General Letter published by SGK on August 9th, 2021. The wildfires started simultaneously in many …

Introduced back in 2016 due to the increase in minimum wage, Minimum Wage Support aims to reduce the labor costs of employers and increase employment. Minimum Wage Support is here to stay for the rest of the year. The temporary 85th article was added to Law No. 5510 regarding minimum …

The recent natural disasters in Turkey have not only damaged the environment and the community but also the businesses in the affected regions. It has been announced that workplaces will be facilitated by tax and SGK payments in the media and through the official channels of the government institutions. In …

The VAT rate was reduced from 8% to 1% with the discount introduced last summer. This discount will continue to apply. The reduced VAT application in food expenditures, which is expected to end on July 31, was extended again with the Presidential Decision No. 4312 published in the Official Gazette …

The criteria for the 5-point treasury discount have been changed. This discount from which most employers have benefited is a 5% discount on the insurance premiums that the employer is obliged to pay for each insured employee as long as the employer reported and paid the premiums on a regular …

Daily travel allowances for the second term of 2021 have been announced. These payments cover daily expenses of the employees on duty in the country or abroad and can be exempted from the income tax basis by taking into account the limits determined by the Turkish government. With the civil …

The Seniority Based Salary Ceiling valid between 01.07.2021 and 31.12.2021 has been determined as 8,284.51 TRY. As of July 1, the severance pay to be calculated for the employees who have been terminated and deserved severance pay should be calculated considering the seniority ceiling determined as 8,284.51 TRY. Despite being …

With the civil servant salary hike, the payroll parameters concerning the second half of the year have also been determined. Employers who give monthly family allowance and/or child allowance/increase payments to their employees can deduct these benefits from income tax and PEK base within certain limits when preparing payroll. New …