Last Update: 01 Jan 2019 Fixed parameters of 2019 presented in this page represents basic payroll accounting in Turkey. However please note that there might be other benefits and allowances applicable to the employees. Below calculations excludes daily food, family and children allowances and other exemptions. Also please consider that, following information is for informational purposes [...]
RESTRICTIONS ON CERTAIN FOREIGN CURRENCY OR FX INDEXED CONTRACTS New Exceptions to the Ban on Foreign Currency Contracts
On October 6, 2018 Communiqué no 2018-32/51 published in the official gazette and further clarified scope of article 4(g) by amending communiqué no 2008-32/34 regarding decree no. 32 on the protection of the value of Turkish currency.
Law no 7036 on “Labor Courts” (LLC) aiming to regulate the establishment of Labor Courts, their duties, authorities and trial procedures, was published in Official Gazette and entered into force on October 25, 2017.
This post was published in Hurriyet Daily News on March 27, 2017 In line with Articles 11 and 25 of Law No. 6735 on International Labor Force, rules and procedures on the newly established Turquoise Card System was announced in the new Turquoise Card Regulation on March 14, 2017 in the Official Gazette, numbered 30007 (hereinafter the [...]
Law no 6740 on “Amending the Law on Individual Pension Saving and Investment System” entered into force on 01/01/2017. Law no 6470 added “additional article 2” to the existing Law no 4632 on the” Law on Individual Pension Savings and Investment System”, which introduced compulsory automatic enrollment of employees in a retirement scheme by employers. On [...]
LEGAL BASE : Law No 5253 on Associations and Turkish Civil Code Nr.4721. GOVERNING DOCUMENTS : ANNEX – 9 : Statute ANNEX – 6 : Application Form for Foreign Legal Entities Necessary for Carrying Out Activities in Turkey ANNEX – 8 : Annual Activity Report
The notion of Crimes against Humanity inter alia has been emerged as one of the rapidly developing subject of International criminal law during the 20th century. The concept has taken attention of the international community after commission of widespread inhuman acts during and after two world wars. The crime against humanity emerged as a dynamic field [...]
On Aug. 13, 2016, Law No. 6735 on the International Labor Force was published in the Official Gazette numbered 29800 by outlawing the existing Law No. 4817 on Work Permits of Foreigners. Following points are the main features highlighted in the new law on the International Labor Force. 1. Scope of Law Article 2: In addition to [...]
On Aug. 13, 2016, Law No. 6735 on the International Labor Force was published in the Official Gazette. The law makes important changes to the work permit system in Turkey and outlaws the existing Law No. 4817 on Work Permits of Foreigners.
Under Turkish Law, Working Hours and Overtime Work is mainly defined and explained by the respective articles of following Turkish Legislation. Turkish Labor Law (Law no. 4857) - (OJ. 10.06.2003: 25134) The Working Time Regulation in relation to the Labor Law (Working Time Regulation) - (OJ. 06.04.2004: 25425) Regulation on overtime and extra hours pursuant to the Labor Law [...]