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Turkish government has implemented various state aid programs aimed at helping businesses in Turkey. State aid is defined as financial support provided by governments to businesses that aim to stimulate economic growth and help businesses overcome difficulties. In Turkey, state aid is regulated by the Turkish Competition Authority (TCA) and is subject to strict rules…
Labour Code in Turkey has been subject to various changes and updates in recent years. In 2023, the Turkish government has made several amendments to the Labour Code, focusing on employment contracts, working hours, and severance pay. In this article, we will discuss these changes and how they may impact workers in Turkey. Employment Contracts…
The Corporate Tax General Communiqué in Turkey has been amended and published in the Official Gazette under the title « Communiqué on Amending Corporate Tax General Communiqué Serial No. 21 in Turkey » on March 1, 2023. The updated communiqué includes several changes that institutions should be aware of, including discounts on earnings for those operating in…
On March 19, 2023, Turkey was struck by a catastrophic earthquake that left many people homeless and in dire need of assistance. In response, the government of Turkey has taken swift action to provide relief to those affected, including tax and SSI premium exemptions. This article will provide an overview of these exemptions and how…
Under the latest amendment to the « Law No. 7440 on the Restructuring of Certain Receivables and the Amendment of Certain Laws » published in the Official Gazette No. 32130 on March 12, 2023, corporate tax payers in Turkey are now subject to additional tax obligations. The 27th paragraph of Article 10 introduces two new tax measures:…
Annual income tax declaration is an essential aspect of the tax system in Turkey, and it is mandatory for all taxpayers who earn an income in the country to file their tax returns annually. The annual income tax declaration refers to a form that every individual or business must fill out and submit to the…
A regulation (ETHS) regarding electronic commerce intermediary service providers and electronic commerce service providers has been published in the Official Gazette with the number 32058 and dated December 29, 2022. This Regulation covers audits of electronic commerce intermediary service providers and electronic commerce service providers, as well as commercial relations between them. The Regulation requires…
Paying an employee’s salary in Turkey requires careful attention to local regulations and procedures. In this article, we will provide a detailed overview of how to pay a salary in Turkey, including calculating taxes and social security contributions, preparing pay slips, and making payments to employees. Calculating Taxes and Social Security Contributions The first step…
Registering an employee in Turkey is an essential part of the payroll process. The employer is responsible for completing the registration process and ensuring that the employee has all the necessary documentation. In this article, we will provide a detailed overview of how to register an employee in Turkey, including obtaining a tax number, social…
Payroll in Turkey is a complex process that requires compliance with several regulations and involves several steps. In this article, we will provide a detailed overview of payroll in Turkey, including the registration process, salary calculation, social security contributions, income tax, reporting requirements, and compliance regulations. Employer Registration Before an employer can start hiring employees…
