Compulsory Arbitration in Labor Disputes is on the Way

arbitration

Many of the labor disputes will be finalized within 3 weeks by the arbitrators to which resorting will be compulsory before filing a lawsuits, according to new law draft submitted to Prime Ministry.

In today’s complex business world, settling the grievances and disputes between employers and employees is an important issue, and many countries are introducing alternative dispute resolution enabling the parties to reach out-of- court settlements which are time saving and less costly in comparison with litigation.

In this respect Turkish government have been working on “Labor Courts Law Draft” and taking opinion of relevant state institutions and organizations. Now the draft has taken its final shape and been sent to Prime Ministry.

Tax Reduction for Compliant Taxpayers

vergi indirimHeadnotes for executives

Taxpayers who pay their personal income and/or corporate taxes on time regularly will benefit from 5% tax discount not exceeding one million TRY in any case.

Tax returns that belong to the year discount is applied in and to the previous two years must be submitted and paid within the legal period.

In case the discount amount is over the tax to be paid in the year, remaining part will be set-off from the following year’s taxes.

Arrangement covers business, agricultural and occupational earnings; banks, finance, insurance and pension companies will be out of the scope.

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.

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