News

Turkey’s R&D Reform

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Turkey is planning to widen its supports on R&D activities to achieve innovative technology and higher value-added products by increasing and attracting new investment in such areas, in order to get a sustainable economic growth rate, which is seen as the only way to promote the competitive capacity of the country’s enterprises. As parts …

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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

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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

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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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