News

TURKEY’S 2016 MINIMUM NET WAGE ANNOUNCED

MINIMUM NET WAGE

   Labor Minister Süleyman Soylu  announced that Minimum Wage Determination Committee has reached an agreement on the monthly minimum net wage that will be 1.300 TL ($446) by the beginning of the year 2016 as expected.  And the most-awaited news for the business community, related to  incentives and subsidies to …

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Incentives for Employing Women and Youth (6111) is Extended

incentives-for-employing-women-and-youth-6111-is-extended

Unemployment rate of women and youths are comparatively high in employable workforce in Turkey. One of the most important regulations to encourage the employment of these groups is the provisional articles added to the Unemployment Insurance Law Nr 4447 by Bag Law Nr 6111. Colloquially known as “incentive 6111” is …

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Meal Tickets / Vouchers Tax Exemption Increased

meal-tickets-vouchers-tax-exemption-increased

As we are approaching towards the end of 2015 new payroll parameters to be applied during next year comes to light one by one. Instead of providing meal allowance in cash or supplying foodstuff, employer may choose to provide employees with meal vouchers or tickets enabling them have their lunch …

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2016 Tax Deductions For Disabled Workers

2016-tax-deductions-for-disabled-workers

In our recent article dated 22 December 2015 we discussed on “Incentives for Employees with Disability” which also includes the disability tax allowance amounts determined depending on degree of disability by government every year in accordance with Article 31 of Income Tax Law No. 193 The increased monthly amounts to …

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Taxable Gross Income Brackets and the Tax Rates in 2016

taxable-gross-income-brackets-and-the-tax-rates-in-2016

One of the most important parameter in the calculation of wages is the income brackets and the tax rates applied to them. Withholding tax amount on the wages is calculated by taking into consideration the cumulative income tax base and the above rates which is determined for every year. The …

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Tips for Budgeting in 2016

tips-for-budgeting-in-2016

As the new year is approaching finance departments of many companies are very busy with the hard task of preparing the next year’s annual budget which will be a guideline for the future spending and activities of the company.   What makes the upcoming year special is the %30 rise …

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2016 Action Plan Announced

2016-action-plan-announced

Turkish PM Davutoglu announced his government’s 2016 Action Plan intended for the realization of pre-election pledges, and includes some critical reforms which will have serious impact on the business world. The plan will be implemented according to a schedule and contains numerous reforms and promises which will be put into …

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Minimum Wage Rise and Its Cost to the Employer in 2016

minimum-wage-rise-and-its-cost-to-the-employer-in-2016

In our recent article published in website http://turkishlaborlaw.com/news/legal-news/346-revision-is-expected-on-minimum-wage we informed you of the Government’s pre-election pledge that the monthly net minimum wage will be raised to 1.300 TL as of January 2016, from the current 1.000 TL. This 30% rise has caused a great concern for the private sector employers who …

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Working Conditions of Persons With Disabilities

working-conditions-of-persons-with-disabilities

After the 3 December has been proclaimed as “International Day of Persons with Disabilities” in 1992, “The Convention on the Rights of Persons with Disabilities and its Optional Protocol” which is signed and ratified by Turkey, was adopted on 13 December 2006 at the United Nations. Purpose of the Convention …

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Obligation of Equal Treatment In Employement

obligation-of-equal-treatment-in-employement

Turkey is a party to many international agreements and conventions, some of which have precedence over domestic laws, aimed at struggling against discrimination between people as regard to religion, sect, race, color, age or sex, and such grounds. Firstly, Article 10 of Constitution sets forth the general framework of “Equality …

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