Government’s minimum wage support, aimed to reduce the increased employment cost arising from %30 minimum wage hike in 2016, will continue during the 2017, according to omniums bill (colloquially known bag law) which is accepted in the Parliament’s related commission and is being discussed in the General Assembly at present. …
Read More »New Developments on Turkish Private Pension System
Employees who withdrew from the pension system will be automatically re-enrolled in a pension plan in two years. Employers may contribute for their employees if they wish so. As the effect date of Private Pension system (1st January 2017) is approaching, implementation details becomes clearer by issuance of regulations one …
Read More »Having Heart Attack in the Workplace is a Work Accident
Dying or being disabled mentally or physically as a result of having a heart attack in the workplace will be deemed as a work accident according to SSI Circular No. 2016/21, issued on 29th September 2016.
Read More »Validity and Cancellation of Work Permit in Turkey
Turkey’s new “International Workforce Law No. 6735”, which is in effect as of 13 August 2016, sets forth new arrangements on validity and cancellation of work permit and work permit exemption. Pursuant to article 15 of said Law, in case of expiration or cancellation by Ministry, work permits and work …
Read More »Turkish Cabinet Decree on Project-Based Investments Issued
Details of the supports on project-based innovative, R&D focused and high value-added product investments announced by a cabinet decree issued in Official Gazette No. 29900, dated 26 November 2016. Law No. 6745, article 80 has been authorized council of ministers to decide and implement such supports and incentives.
Read More »Turkey’s Project-Based Incentives Are in Force
100% Corporate Tax exemption, Value Added Tax exception, and Custom Duty exemption in the import of machinery and equipment, free land allocation and many other incentives will be granted for eligible investments. The “Law on Supporting Investments on Project-Basis … No. 6745,” intended to achieve innovative technology and higher …
Read More »Home-Based Child Care Project Widening in Turkey
“Supporting Registered Employment of Women through Home-Based Child Care Project” is co-financed by Turkish Republic and European Union in order to ensure working mothers continue their employment after having child.
Read More »Labor Cost Estimation for the Year 2017 in Turkey
It is only weeks to end of the year, and naturally the next year’s annual budget is on the agenda of all companies. Of course the budgets comprised of many cost/ income elements, no doubt it is very important to make correct predictions on employment costs for getting close to …
Read More »2017 Minimum Wage Estimation in Turkey
Turkey’s minimum wage is of particular concern to about 5 millions employees in the country, and will be announced in the forthcoming days. Almost all of the payroll parameters are derived from minimum wage which is determined by “Minimum Wage Fixing Board” (Labor Law 4857, article 39) every two years. …
Read More »Notice and Severance Pay in Fixed-Term Employment Contracts
One of the most frequently asked question is related to notice of termination and payment, and severance pay of employees working under fixed-term employment contract. In the following paragraphs, we will try to clear this subject by taking the provisions of Turkish Labor Law 4857 as a base.
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