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Income Calculation Parameters in the Year 2009

State withholdings (Social Security Institution premiums, income tax withholdings, etc.) are calculated in accordance with predetermined parameters. Within that framework, same parameters are subject to change inof January every year. The parameters applicable for the periods January-June and July-December are listed below…

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Terms of Employment Statements for Different Business Lines

 The employees who considered as insured under a service contract, latest within one day before recruitment, starting of professional training or apprenticeship are to be notified to the Institution with “Statement of Employment of Insured Persons” that is provided in Social Security Procedures Regulations. If employers don’t give statement of …

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Definition of Minimum Living Allowance

According to the regulations on article 32 of Income Tax Law no 193, with effect from 1 February 2008, minimum living allowance will be applied in taxation of wages.  In accordance with regulation, after calculating the amount of tax the employees who receive income from wages, the amount of the …

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