Private Pension System has been introduced by Law No. 6740 and entered into force as of 1st January 2017. Workplaces that are in the scope of the law, started to enter into contracts with pension companies and offer pension plans to the employees, on different dates, depending on the number …
Read More »Entitlement to Jobseeker’s Allowance Eased
One of the main eligibility condition for jobseeker’s allowance “the requirement of 120 premium paid days prior to unemployment” has been amended as “the requirement of being under employment contract within120 days prior to unemployment”. As a result unemployed persons will not have to be uninterruptedly working within 120 days …
Read More »Tax Exempt Daily Allowance 2019
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 »SSI ADMINISTRATIVE FINES FOR 2019
Administrative fines to be applied by the Social Security Institution (SSI) have been increased in 2019 in parallel with the 26% minimum wage hike. Amounts of the fines for the violations specified in Article 102 of Social Insurance and General Health Insurance Law No. 5510 are as follows. VIOLATION TRY …
Read More »Labor Law Administrative Fines for 2019
Administrative fines to be applied according to Labor Law No. 4857 are increased 23.73% in 2018, according to revaluation rate determined for the new year. Amounts of the fines for the violations specified article 98 to 107 are as follows. ViolatedArticle Penalty Clause VIOLATION Amount of Fine / TRY Revaluation …
Read More »2019 Fines For Illegal 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 in regard to work permit regulations of foreigners as well as new amounts of administrative fines for illegal employment of foreigners and …
Read More »Child and Family Allowance Exemption Announced
Child and Family Allowance Exemptions to be applied between 01.01.2019 – 30.06.2019 are as follows: SSI Child Allowance Exception / SSI ₺51.17 Family Allowance Exception / SSI ₺255.84 Income Tax Family Allowance Exception / Income Tax (Government) ₺278.69 Child Allowance Exception/Income Tax (Over 6) ₺32.65 Child Allowance Exception/Income Tax …
Read More »Regional Incentive Extended
The regional incentive, which has been applied since 2013 in order to eliminate the regional imbalance, is now extended until 31 December 2019. As per Presidential Decree No. 305 issued in Official Gazette dated 25 December 2018, 6 point social security premium support for the companies established in 1st, 2nd …
Read More »Disability Tax Allowance 2019
Disability tax allowance is intended to decrease the income tax amount of the disabled employees. The amounts are determined depending on degree of disability by government every year in accordance with Article 31 of Income Tax Law No. 193. The employees may also benefit from this allowance for their disabled …
Read More »Cap of Severance Announced
Cap of severance pay (the upper limit) has been announced as 6.017,60 TRY/Year for the first half of the year. This limit will be applied within the period between 1 January 2019 and 30 June 2019. Qualified employees are paid a severance pay equal to the last 30 days’ gross …
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