Articles Tagged ‘RETROSPECTIVE, - Turkish Labor Law’

RETROSPECTIVE BENEFITING STARTS IN JULY 2018

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Set-off process from the due debts of employer, regarding the retrospective benefiting from the incentives, will start as of July 2018 without waiting until 1st of 2019.

As we informed you before, the Bag Law No. 7103, issued in Official Gazette No. 30373, dated 27 March 2018, gives the opportunity to benefit from missed incentives retrospectively. We also informed you that calculated amount will be refunded within 3 years starting from 1st January 2019 (for the applications completed until 1st June 2018). Legal interest will be calculated for the refund amount as of above dates.

Now as per the new announcement from SSI, refunding process (by setting off from their current term SSI premium debts) will be started as of July 2017 term for the employers who completed their application until 1st June 2018), and prepared the additional-cancellation declaration.

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