News

Employer is not obliged to grant any wage raise unless it is stated in the employment contract. WAGE IN LABOR LAW Labor Law No.4857 contains provisions as regard to description and methods of wage, protected portion of wage, minimum wage and so on; however there is no arrangement about the …

Both employee and employer may terminate the contract in probation (trial) period without giving any notice, and no severance is paid to employee. Probation period is arranged in article 15 of Labor Law 4857. The main points related to trial period are as follows. A probation period may be inserted …

Turkey will no longer change its clocks in winters, and summer time (DTS) will be the country’s non-changing standard time fixed on GMT +3. When most of the European countries, as well as some other countries of the world set their clocks 1 hour back on Sunday, 28 October 2018, …

Minimum Living Allowance (MLA/AGİ) support intended to compensate any decrease in monthly minimum wage due to shift on taxable income brackets started in September and will continue to the end of the year. As is known, tax rates are applied by taken the cumulative income as a base. So the …

Participant employees of auto enrolment private pension may have to stay 3 years in the system, according to recent news in the media. Private Pension System is intended to improve the welfare of employees and to increase the domestic savings, however statistics show that about 60% of the participants used …

Withholding Tax and Monthly Premium Service Document that are announced to start on 1st of October 2018 may be postponed to a later date, according to information obtained from experts. As is known, it is stipulated by the Law No. 6728 that “withholding tax returns and SSI e-declarations to be …

In an effort to prevent the recent loses and high volatility in Turkish Lira (TRY), new steps has been taken by issuing Presidential Decrees (No 32 and 85) that stipulate some transactions and contracts made between real persons or the legal entities will be based on Turkish Lira. Current contracts agreed on foreign …

Government support for minimum wage, which is being applied since 2016, will end after September 2018. As is known minim wage support started in January 2016 by the government to reduce the burden of employers due to 30% wage hikes at the time. The support continued throughout 2017, and between …

Collective redundancy, also called collective dismissal or lay-off is the termination of large amount of employees’ contracts due to economic, technological or structural reasons. NUMBER OF EMPLOYEES DISMISSED Dismissal of 10 to 30 employees within a month is considered as collective redundancy. Collective redundancy is arranged in Article 29 of …

Determent interest rate and late fee applied to public receivables is increased from 12% to 24% yearly (monthly 2%). According to Revenue Administration’s General Communiqué (SERIAL: C, ITEM NO: 3) published in Official Gazette No. 30527, dated 6 September 2018, starting from publishing date the determent interest rate will be …