The Essentials of Notice Pay in Türkiye: Periods, Calculations, and Legal Context
Under Article 17 of the Turkish Labor Law, employers are mandated to provide statutory notice prior to terminating an indefinite employment contract. This legal provision serves as a safeguard for employees, protecting them from [...]
THE MEDIUM-TERM PROGRAM 2024-2026
The Presidential Decision regarding the approval of the Medium-Term Program (MTP) that includes the 3-year objectives and policies of the Turkish economy was published in the repeated issue of the Official Gazette dated September 6, 2023, with number 32301.
Understanding the Social Security System in Turkey
The social security system in Türkiye underwent a significant transformation process in 2007. As a result of this process, different social security funds were consolidated under a single institution, the Social Security Institution (SGK), [...]
Employment Incentives in Turkey
Employment incentives in Turkey serve as vital government supports provided to employers under specific conditions. These incentives are aimed at encouraging employers to hire more employees, expand their workforce, and promote the employment of [...]
DEFINITION OF WAGE AND ITS TAXATION UNDER THE TURKISH LAW
As outlined in Article 61 of Income Tax Law No. 193, wage encompasses both monetary and non-monetary benefits provided to registered employees in exchange for their services, regardless of the payment labels used, such as indemnity, allowance, cash compensation, allocation, increment, advance, remuneration, attendance fee, premium, bonus, expense reimbursement, or revenue-based percentages.
PAYROLL BASICS (2023)
Explore our detailed analysis of the 34% rise in Turkey's net minimum wage, now reaching TRY 11402.32. Stay informed about the latest shifts in social security premiums, allowances, and taxation changes affecting the financial landscape in Turkey.
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