Omniums bill (colloquially known bag law) No. 7103, issued in Official Gazette No. 30373, dated 27th March 2018, gives the opportunity to benefit from missed incentives retrospectively. In recent years Turkish government has launched many premium incentives and supports for encouraging businesses to create new employment. In the past many …
Read More »Support for Additional Employment Extended
Social security premium and tax support for private sector employers, who employ persons amongst the registered unemployed of İŞKUR as an addition to the number personnel in the workplace, is arranged in the appended provisional articles (19 and 21) of the Law No 4447. SOCIAL SECURITY PREMIUM SUPPORT Valid between …
Read More »Mutual Terminaton Payments will be Considered as Wage
Some compensation related to termination of employment paid in the scope of mutual termination agreement, work loses compensation, job security compensation, and end of work compensation will be considered as wage. However, part of these total payments not exceeding the amount of severance pays will be exempt from income tax. …
Read More »Can a Retired Employee Entitle Severance Pay?
Person working after retirement has the same rights regarding severance, notice pay and annual leave as the other employees have. A retired employee may work against wage under an employment contract by paying social security support contribution. In case such an employee’s employment contract terminated by employer without just cause, …
Read More »Severance Pay For Retired with 3600 Premium Days and 15 Years of Service
Employees who are first time insured before 9th October 1999 may choose retirement with 3600 premium paid days in 15 years insurance period and are entitled to severance pay. These employees have to present a document to the employer from the social security agency proving that they have worked for …
Read More »Can a Resigned Employee be Paid Severance?
Conditions for entitlement to severance pay are arranged in article 14 (still in effect) of Former Labor Law No. 1475; and resignation of an employee isn’t one of the reasons for entitlement. For detailed information please visit our website: http://turkishlaborlaw.com/faq/311-conditions-of-severance-pay-in-turkey In practice employers may choose to make payment (while there …
Read More »How to Calculate Overtime Work and Works at Extra Hours?
Overtime is the work which exceeds forty-five hours a week, and remunerated in hourly basis with higher rates. As per the Labor Law, No: 4587, Article 41, overtime work may be performed for purposes such as the country’s interest, the nature of the operation or the need to increase …
Read More »Social Security Agreement Between Turkey and Korea
Every country has its own legislation as regard to international workforce; however provisions of social security agreements are applied instead of domestic legislation. Social Security Agreement between Turkey and Korea had been signed in Ankara at 1st August 201211, and has been entered into force at 1st June 2015 by The Cabinet …
Read More »How to Calculate Missing Days in February
February is a special month from the point of actually worked and non-worked days of employees within the month. In Turkey’s legislation, number of working days within a month is considered 30 regardless of the actual number of days in the month. In other words, workdays of January (31 days), …
Read More »Tax Exempt Daily Allowance Amounts 2018
Daily Allowance is the money paid to employees in daily basis while they are working away from their workplace whether within the same country or abroad. Tax exempt daily allowance amounts are determined by General Directorate of Budget and Fiscal Control in line with Travel Expense Law No.6245 twice a …
Read More »