The obligation of appointing or hiring occupational safety specialist and workplace doctor for every private establishments (including establishments with less than 50 personnel and/or in the scope of less hazard class) has been postponed to July 1, 2017. Many of the provisions set forth in the “LAW ON OCCUPATIONAL HEALTH …
Read More »Turkey’s R&D Reform
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 …
Read More »R&D – Innovation – Design Expenditures Subject To Discount In Determination Of Earnings
New arrangements has been introduced into Article 3 of Law on Supporting Research and Development Activities No. 5746, which set forth the discount, exception, support and incentives in R&D and design centers and activities. According to Cabinet Decree No. 2016/9092, issued in Official Gazette dated 10 August 2016, numbered 29797: …
Read More »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 …
Read More »Activities 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 …
Read More »Turkey Bans Bankruptcy Adjournment During State Of Emergency
Corporations and cooperatives in Turkey will have no right to demand postponement of bankruptcy during the state of emergency, declared as of 21 July 2016 for three months. We have informed you that the state of emergency gives the government enhanced powers in every area; and that financial, material and …
Read More »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 …
Read More »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 …
Read More »Turkey’s New Law On International Workforce
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 …
Read More »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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