News

Fields of Design Activities Within Nace Codes

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 …

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Activities Not Considered As R&D And Design Activity In Turkey

acitivities-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 …

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Turkey’s New Private Pension System Is On The Way

turkey-s-new-private-pension-system-is-on-the-way

Voluntary private pension system is about to be replaced by a mandatory private pension scheme, which stipulates that, every wage-earner Turkish citizens under 45 years of age will be automatically enrolled in a pension plan determined by employers. A long-awaited “Draft Amending the Law on Individual Pension Savings and Investment …

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Public Receivables Will Be Restructed In Turkey

public-receivables-will-be-restructed-in-turkey

Many of the unpaid debts and administrative penalties, accrued before 30 June 2016, related to taxes and tax penalties, customs duties, and public receivables such as social security premiums, group insurance premium, unemployment premiums, social security support contribution, general health insurance, as well as any kind of subsidiary public receivables …

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Turkey’s New Law On International Workforce

turkey-s-new-law-on-international-workworce

TurkishLaw on the Work Permit for Foreigners No. 4817, which had been in effect since 2003 has been abrogated and substituted by “LAW ON INTERNATIONAL WORKFORCE,” which got through the Parliament on 28th July 2016. Headnotes for Executive Foreign non-resident board member of joint-stock non-executive, partners of other companies, and …

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No Fines For Not Hiring Workplace Doctor Until End Of The Year

no-fines-for-not-hiring-workplace-doctor-until-end-of-the-year

The obligation as regard to employing occupational safety specialist and workplace doctor (occupational physician) came into effect as of July 1, 2016, however no administrative fines will be imposed for violation of these obligation until the end of 2016, as Labor and Social Security Minister  Soylu announced in a press …

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Withholding Tax Return And SSI Declaration Will Be Combined

withholding-tax-return-and-ssi-declaration-will-be-combined

Income tax of employees withheld from their earnings by employer and the SSI premium contributions will be combined in a single form and submitted online to tax offices. In current  practice, withholding tax returns and SSI E-declarations are declared online in two separate forms  to the tax offices and SSI …

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