Press members severance pay is arranged in a different way due to nature of the profession. Press Labor Law (Law on Sector Regulations between Press Employees and Employers) No. 5953; persons employed in periodical newspapers and magazines, news and photograph agencies, news departments of radio and television companies as; Writer, …
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Principles of paid annual vacation are asset out in articles 53 and 62 of Labor Law, No. 4857, and in Regulation on Paid Annual Leave. PLANNING ANNUAL VACATION IN THE WORKPLACE In the establishments that have more than 100 employees planning must be done by “Annual Leave Committee” comprised of …
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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 …
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Workplaces employing 10 (Inc.) to 49 (Inc.) personnel will start to enter into contracts with pension companies and offer pension plans to the employees as of 1st July 2018. As is known, auto enrolment Private Pension System, which is complementary to the mandatory state social security scheme in Turkey has …
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Child allowance income tax exemption for private sector employees is equal to the amount determined for public officers twice a year. According to announcement the following amounts will be exempt from tax between 1 July 2018 and 31 December 2018. The exemption is valid only two children. CHILD ALLOWANCE EXCEPTION/INCOME …
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Severance pay upper limit is announced as 5.434,42 TRY/Year for the second half of the year. This limit will be applied within the period between 1 July 2018 and 31 December 2018. The monthly earnings exceeding this limit will not be taken into account in the calculation of total severance …
Read More »2018 monthly net minimum wage will not get lower than 1.603,12 TRY. Any decrease due to the shift on taxable income brackets will be compensated by an increase in Minimum Living Allowance (AGİ). In Turkey, tax rates are applied by taken the cumulative income as a base. As a result …
Read More »The daily amount of earnings subject to premium that will be taken as a base in the minimum wage support is increased from 110,00 TRY to 120,00 TRY. Also the base amount is increased from 164,70 TRY to 180,00 TRY in the unionized workplaces. Also, as per SSI Circular 2018/20; …
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Effective date of Social Security Agreement between Turkey and Hungary is determined as 1st April 2018. As we informed you before, Social Security Agreement between Turkey and Hungary signed in Budapest on 24 February 2015 had been accepted in Parliament and the related Law No. 6961 had been published in the …
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The minimum particulars that must be included in the agreements between transferor (resident in Turkey) and receiver of personal data transferred between countries that have not adequate level of protection are issued in Personal Data Protection Board (The Board) website on 16 May 2018. TRANSBORDER TRANSFER OF PERSONAL DATA As …
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Turkish Labor Law