In a recent development, Turkish authorities have announced the update of tax rates for July 2023. This update brings about significant changes to the minimum wage and salaries of civil servants and pensioners. The Ministry of Labor and Social Security, in close collaboration with the Ministry of Treasury and Finance, has worked diligently to ensure…
Accounting practices are undergoing significant transformations in Turkey, driven by technological advancements and evolving regulatory frameworks. As the country strives to enhance its financial infrastructure and promote transparency, innovative accounting practices are revolutionizing the way organizations manage their financial information. This article explores some of the noteworthy accounting innovation implemented in Turkey and their impact…
In recent years, Turkey has witnessed a significant shift in its labor landscape, driven by the growing need for innovative and efficient human resources (HR) practices. As the country strives to position itself as a global economic powerhouse, organizations are embracing labor HR innovation to enhance productivity, attract top talent, and foster a harmonious work…
Turkey’s strategic location, dynamic economy, and favorable business environment make it an attractive destination for foreign investors. The Turkish government has implemented various measures to encourage and facilitate foreign investment, aiming to boost economic growth, create employment opportunities, and foster technological advancements. This article aims to provide a comprehensive overview of foreign investment in Turkey,…
Foreign exchange legislation plays a crucial role in regulating currency transactions and promoting economic stability in any country. Turkey, with its strategic location and vibrant economy, has implemented comprehensive foreign exchange regulations to govern the inflow and outflow of currencies. This article aims to provide a comprehensive guide to foreign exchange legislation in Turkey, shedding…
Turkey’s geographical location as a bridge between Europe and Asia, along with its rich cultural heritage and thriving economy, makes it an attractive destination for immigrants from around the world. However, like any other country, Turkey has its own set of immigration laws and regulations that govern the entry, residence, and employment of foreigners. This…
Unemployment can be a challenging and uncertain period in a person’s life. To provide support to individuals during these difficult times, Turkey offers an Unemployment Allowance program. This financial assistance aims to help individuals meet their basic needs and maintain their quality of life while actively seeking new employment opportunities. In this article, we will…
Turkey offers a range of allowances and financial assistance programs to its citizens, aimed at providing support and addressing various needs. These allowances cover a wide range of areas, including social security, education, healthcare, and disability support. In this article, we will provide an overview of the major allowances in Turkey, highlighting their benefits and…
In Turkey, the government provides support to individuals who are unable to work due to a disability or incapacity through the Incapacity Allowance program. This financial assistance aims to help individuals maintain their quality of life and meet their basic needs. However, to be eligible for this allowance, applicants must meet certain conditions. In this…
In today’s competitive job market, finding the right talent for vacant positions is crucial for organizations’ success. To meet this need, labour headhunters play a vital role in Turkey, bridging the gap between job seekers and employers. This article provides an in-depth exploration of labour headhunter activity in Turkey, shedding light on the significance of…