Is There Any Premium Support for Cultural Investments and Initiatives?

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Yes, the Law on the Encouragement of Cultural Investments and Initiatives No. 5225 provides SSI premium support for Establishments that have “Culture Investment License” and “Culture Initiatives License”

As per the article 5 of above said law,

* 50% of the employer’s SSI premium share calculated over the earnings of employed workers at the workplace that have Culture Investment License for 3 years,

* 25% employer’s SSI premium share calculated over the earnings of employed workers at the workplace that have Culture Initiatives License, for 7 years.

will be met by the budget of The Ministry of Culture and Tourism.

BENEFITING CONDITION

* E declarations must be submitted to SSI within the legal period.

* Establishment must be a corporate tax payer.

* Must obtain “Culture Investment License” or “Culture Initiatives License” from The Ministry of Culture and Tourism.

* There shouldn’t be any overdue premium debts.

 

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