Application time for extension of work permit has been significantly changed by the new Law No 6735. As of 31st August 2016, work permit application extensions will be made before the expiration of work permit, according to above mentioned Law. As is known,” International Workforce Law No. 6735,” which regulates …
Read More »New Fines For İllegal Employment Of Foreigners In Turkey
International Workforce Law No. 6735, published in Official Gazette numbered 29800 dated 13 August 2016, has replaced the former Work Permit Law No 4817 and introduced many changes as regard to work permit regulations of foreigners. Also new amounts of administrative fines for illegal employment of foreigners and for failure …
Read More »Restructuring Of SSI Premium Receivables Started
Restructuring of SSI premium receivables, such as insurance premium, group insurance premium, pension deduction and institution’s contribution, unemployment insurance premium, social security support premiums and receivables applied to principles receivables (penalties, default interests and late) has been started by the issuance of SSI Circular No. 2016/18, dated 22 August …
Read More »Turkey Wealth Fund Enacted
Turkey has established a “Wealth Fund Management Company” intended to utilize the domestic public assets inside the economy, have access to external sources, and provide low-cost funds for the large-scale strategic infrastructure investments. Government proposal on “Establishing Turkey Wealth Fund and Amending Certain Laws” has been accepted in Parliament …
Read More »Obligation Of Hiring Workplace Doctor Postponed
The obligation of appointing or hiring occupational safety specialist and workplace doctor for every private establishments (including establishments with less than 50 personnel and/or in the scope of less hazard class) has been postponed to July 1, 2017. Many of the provisions set forth in the “LAW ON OCCUPATIONAL HEALTH …
Read More »Turkey’s R&D Reform
Turkey is planning to widen its supports on R&D activities to achieve innovative technology and higher value-added products by increasing and attracting new investment in such areas, in order to get a sustainable economic growth rate, which is seen as the only way to promote the competitive capacity of the country’s enterprises. As parts …
Read More »R&D – Innovation – Design Expenditures Subject To Discount In Determination Of Earnings
New arrangements has been introduced into Article 3 of Law on Supporting Research and Development Activities No. 5746, which set forth the discount, exception, support and incentives in R&D and design centers and activities. According to Cabinet Decree No. 2016/9092, issued in Official Gazette dated 10 August 2016, numbered 29797: …
Read More »Fields of Design Activities Within Nace Codes
As part of a reform package, the Cabinet Decree No. 2016/9094 has been issued in Official Gazette dated 11 August 2016, numbered 29798, intended to include some innovative works, which are defined in Statistical Classification of Economic Activities in the European Community, Rev. 2 (NACE), within the “scope of design …
Read More »Activities Not Considered As R&D And Design Activity In Turkey
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 …
Read More »Turkey Bans Bankruptcy Adjournment During State Of Emergency
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 …
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