RETROSPECTIVE BENEFITING STARTS IN JULY 2018

Related Articles

Severance Pay in Paid Military Service

September 30, 2020

2020 AGI Supplement is Starting in September

September 9, 2020

Merging of Withholding Tax Return and Social Security Declarations is Extended Again

April 6, 2020

Set-off process from the due debts of employer, regarding the retrospective benefiting from the incentives, will start as of July 2018 without waiting until 1^st of 2019.

As we informed you before, the Bag Law No. 7103, issued in Official Gazette No. 30373, dated 27 March 2018, gives the opportunity to benefit from missed incentives retrospectively. We also informed you that calculated amount will be refunded within 3 years starting from 1^st January 2019 (for the applications completed until 1^st June 2018). Legal interest will be calculated for the refund amount as of above dates.

Now as per the new announcement from SSI, refunding process (by setting off from their current term SSI premium debts) will be started as of July 2017 term for the employers who completed their application until 1^st June 2018), and prepared the additional-cancellation declaration.