In the first three article of our bulletin confined to substantial amendments in the field of R&D support, we provided the areas, activities and establishments that will be benefitting from the incentives and supports. However, article 5 and 6 of the Regulation on Application and Control for Supporting Research, Development …

Corporations and cooperatives in Turkey will have no right to demand postponement of bankruptcy during the state of emergency, declared as of 21 July 2016 for three months. We have informed you that the state of emergency gives the government enhanced powers in every area; and that financial, material and …

Voluntary private pension system is about to be replaced by a mandatory private pension scheme, which stipulates that, every wage-earner Turkish citizens under 45 years of age will be automatically enrolled in a pension plan determined by employers. A long-awaited “Draft Amending the Law on Individual Pension Savings and Investment …

Many of the unpaid debts and administrative penalties, accrued before 30 June 2016, related to taxes and tax penalties, customs duties, and public receivables such as social security premiums, group insurance premium, unemployment premiums, social security support contribution, general health insurance, as well as any kind of subsidiary public receivables …

TurkishLaw on the Work Permit for Foreigners No. 4817, which had been in effect since 2003 has been abrogated and substituted by “LAW ON INTERNATIONAL WORKFORCE,” which got through the Parliament on 28th July 2016. Headnotes for Executive Foreign non-resident board member of joint-stock non-executive, partners of other companies, and …

  Q – Is it obligatory to make payment to the interns? That depends whether the internship is compulsory or optional. There is no obligation to pay for the University students who are subject to compulsory internship.  If employer chooses to pay, the payment is subject to income and stamp …

The obligation as regard to employing occupational safety specialist and workplace doctor (occupational physician) came into effect as of July 1, 2016, however no administrative fines will be imposed for violation of these obligation until the end of 2016, as Labor and Social Security Minister  Soylu announced in a press …

The cabinet decree regarding declaration of state of emergency for ninety days has been approved by the Grand National Assembly of Turkey and it is in effect as of 21 July 2016, 01.00 hour. The state of emergency gives the government enhanced powers for at least three months, and financial, …

Income tax of employees withheld from their earnings by employer and the SSI premium contributions will be combined in a single form and submitted online to tax offices. In current  practice, withholding tax returns and SSI E-declarations are declared online in two separate forms  to the tax offices and SSI …

The Law on The Work Permit for Foreigners No. 4817, which has been in effect since 2003 will be abrogated and subsided by “LAW ON INTERNATIONAL WORKFORCE” in the oncoming weeks. We have already discussed some main points of the amendments in the Part Two of our article issued in …