Legal News

Taxpayers who pay their personal income and/or corporate taxes regularly on time will be benefiting from 5% tax discount in 2018. Tax reduction will be applied to income tax and corporate tax returns that must be filed as of 1st January 2018; and discount amount will not exceed one million …

Disability tax allowance amounts are determined depending on degree of disability by government every year in accordance with Article 31 of Income Tax Law No. 193. Monthly amounts to be deducted from taxable income base in 2018 are as follows: 1st Degree Disabled Employee, who lost at least 80% of …

One of the most important parameter in the calculation of wages is the income brackets and the tax rates applied to them. Withholding tax amount on the wages is calculated by taking into consideration the cumulative income tax base and the below rates which is determined for every year. The …

Omnibus Bill No.6770 issued in Official Journal on 27 Jan 2017 has introduced many changes involving minimum wage support, postponements of SSI premium payments, occupational health and safety, restructuring of public receivables, credit amnesty and so on.

You may pay half wage for every new graduate employee through a year, in case the proposed incentive is carried into effect in the forthcoming days. In search of a solution for the growing unemployment rate amongst the young population, especially amongst the university graduates, Turkey has taken some steps …

Administrative fines to be applied by the Social Security Institution are increased in 2017 in parallel to minimum wage hike. Amounts of the fines for the violations specified article 102 of Social Insurance and General Health Insurance Law No. 5510 are as follows.

In case of bad weather and under some other circumstances that made working impossible, employer has the right to ask its employers to make up unworked hours at a later date. Also, the days unworked before and after holidays –especially the half-days before the Turkish religious holidays- may be considered …

Administrative fines to be applied according to Labor Law No. 4857 are increased in 2017 in parallel to minimum wage hike. Amounts of the fines for the violations specified article 98 to 107 are as follows.

Private Pension System, which is complementary to the mandatory state social security scheme in Turkey has been introduced by Law No. 6740 and entered into force as of 1st January 2017.

  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.