Business in Turkey

SSI Penalties Are Changing with MuhSGK

SSI Penalties Are Changing with MuhSGK

As a result of the launch of MuhSGK, the information about the services of the insured (wages, days, premiums, bonuses, etc.) will be notified with the withholding and premium service declaration. Along with the withholding and premium service declaration, there are also new social security administrative fines, as per the …

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Cash Wage Support and Termination Ban Extended

Cash Wage Support and Termination Ban Extended

The President’s Decree was published in the Official Gazette regarding the duration of the cash wage support, short-term work, termination restrictions, and unpaid leave. The duration of these labor measures are extended for another month. Accordingly, applications regarding the extension process will not exceed the periods declared in the original …

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Child and Family Benefits Tax Exemption for 2020

“Civil servant monthly coefficient” determining the income tax exemption for child and family benefits has been announced. The coefficient is determined as 0.154461 for the second half of 2020. Child and family benefits are actually government-sponsored additional payments to public employees. Some of the exceptions applied to public employees’ payrolls …

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Online Identification Card Notification

With the Declaration of Identity Notification Law No. 1774, that entered into force on 11 July 1979, it is compulsory to notify the law enforcement officers of the identity of those who work and live in all kinds of accommodation, trade, and art businesses, as well as those who leave …

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2020 Financial Holiday

In Turkey, financial holiday has been implemented between 1 – 20 July since 2007. In the event of a week holiday on June 30, the financial holiday starts the day, following the first business day of July. This year’s financial holiday is from 1-20 July. Postponements made during the financial …

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