Law on Amending Military Service Law and Some Other Laws, No. 6661 has been issued in Official Journal No. 29606, dated 27 January 2016 and is in effect as of 1st January 2016. We informed you recently, the article 17 of above said (colloquially known) bag law thatarranges theprocedures and …
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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 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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It seems that this year will be costlier than the last, since the Minimum wage has been raised to 1.647,00 TL starting from 1st January 2016, while it was 1.273,50 TL in 2015, and the wage hike is about %30. In the tables below you can see the comparison tables …
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In Turkey, over 2 million Syrian refugees, who also became a hot topic in world’s agenda after the recent tragic events, are either seeking illegal migration to Europe or being employed in informal, low paid jobs inside the country. In the areas where they are residing in big numbers, …
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Finally, the most awaited issue of the new year, promised premium incentive aimed to reduce to increased employment cost arising from about %30 minimum wage hike became clear. The government’s omnibus bill with the effect date of 1st January 2016 has got through the parliament and the Provisional Article 68, …
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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 …
Read More »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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Labor Minister Süleyman Soylu announced that Minimum Wage Determination Committee has reached an agreement on the monthly minimum net wage that will be 1.300 TL ($446) by the beginning of the year 2016 as expected. And the most-awaited news for the business community, related to incentives and subsidies to …
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Unemployment rate of women and youths are comparatively high in employable workforce in Turkey. One of the most important regulations to encourage the employment of these groups is the provisional articles added to the Unemployment Insurance Law Nr 4447 by Bag Law Nr 6111. Colloquially known as “incentive 6111” is …
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Turkish Labor Law