Government Support For Employing Registered Unemployed Of İŞKUR

isverenbulteni1Executive Summary

Private sector employers will be refunded daily 22,22 TRY of total SSI premiums to be paid for each personnel who are employed amongst the registered unemployed of İŞKUR until 31st December 2017, according to Cabinet Decree/687, issued in Official Gazette No. 29974, dated 9th February 201.

Also, for the above described employees, the withholding tax applied on minimum wage will be set-off from the withholding tax return after the minimum living allowance is applied. Besides, stamp tax deducted from minimum wage will not be declared and not paid.
In simpler words, the supports are applicable for all personnel employed in this way regardless of their monthly salaries, but it is applied to only for the part of monthly salary equal to 1.770,50 TRY (monthly gross minimum wage).

Latest Developments – Bag Law Enters into Force

bag lawOmnibus Bill No.6770 issued in Official Journal on 27 Jan 2017 has introduced many changes involving minimum wage support, postponements of SSI premium payments, occupational health and safety, restructuring of public receivables, credit amnesty and so on.

Datassist Payroll Calculator at Your Service in the New Year

datassist payroll calculatorDatassist payroll calculator in “Turkish”, www.ynb.datassist.com.tr has long been a reliable paycheck calculation module designed to provide “gross to net” and “net to gross” amounts of salaries and helping many companies and millions of individuals to calculate the amount of social security premiums, taxes and other wage cuts to be deducted and take home wages. Also it is a user-friendly tool for employers to calculate their labor costs.

Gradual Implementation in Turkish Private Pension

private pensionAutomatic enrolment in private pension system will put into action gradually, starting with workplaces employing 1000 and more personnel at the beginning of 2017, Deputy Prime Minister announced at a press conference. He also added that the cabinet decree containing the arrangement has been opened for signature.

Auto-enrolment, in other words mandatory participating in private pension scheme has long being occupying the agenda of Turkey’s business community. Private Pension System, which is complementary to the mandatory state social security scheme and indented to improve the welfare level of employees by providing a supplementary income during retirement and also to increase the domestic savings, has been introduced by Law No. 6740 and will enter into force on 1st January 2017.

How Dangerous Personal Data Can Be?

personal data security articleIf you are neglecting or intentionally violating the provisions of Personal Data Protection Law you can be charged up to 1 million monetary fines or be sentenced to prison up to 4 years. What can be done to prevent it?

Although all provisions of "Law on the Protection of Personal Data, No. 6698" have come into effect as of 7 October 2016, there are still some doubts about the application of personal data protection rules. Because the "Personal Data Protection Board," who has an important role in determination of criteria and procedures as regard to implementation of the Law is not fully active at the present.

Work Permit And Exemptions For Foreign Partners Of Companies

work-permit-and-exemptions-for-foreign-partners-of-companies

Turkey's new "International Workforce Law No. 6735", which is in effect as of 13 August 2016 set forth new arrangements on the work permit and work permit exemption of managing or/and non-executive foreign shareholders of companies established under Turkish Commercial Code.

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