SEVERANCE PAY OBLIGATIONS BASED ON SGK CODES FOR TERMINATION OF EMPLOYMENT
The table of Social Security Termination Codes below demonstrates the employees’ rights in terms of severance pay, notice pay and unemployment insurance as a result of the reason for termination of employment.
COMMUNIQUÉ NO. 2022-32/66 ON THE AMENDMENT OF THE COMMUNIQUÉ NO 2008-32/34 ON THE DECREE NO. 32 ON THE PROTECTION OF THE VALUE OF THE TURKISH CURRENCY GalleryCOMMUNIQUÉ NO. 2022-32/66 ON THE AMENDMENT OF THE COMMUNIQUÉ NO 2008-32/34 ON THE DECREE NO. 32 ON THE PROTECTION OF THE VALUE OF THE TURKISH CURRENCY
COMMUNIQUÉ NO. 2022-32/66 ON THE AMENDMENT OF THE COMMUNIQUÉ NO 2008-32/34 ON THE DECREE NO. 32 ON THE PROTECTION OF THE VALUE OF THE TURKISH CURRENCY
On April 21, 2022, a press briefing on the Communiqué No. 2022-32/66 has been released on the web page of Ministry of Treasury and Finance to provide further details on the implementation of Communiqué No. 2022-32/66.
CLASSIFICATION OF THE COMPANIES UNDER THE TURKISH COMMERCIAL CODE
In Turkey, the companies can be incorporated in accordance with various laws. The companies incorporated according to the Turkish Commercial Code are classified as sole proprietorships and equity companies. On the other hand, the cooperative companies can be specified according to the Cooperatives Law and the ordinary partnerships can be specified according to the Code of Obligations.
TAXING WAGES (Income Tax & Stamp Tax)
Law No. 7349 regarding amendments to the income tax law and certain other laws, has entered into force on 25 December 2021.
TURKISH SEVERANCE PAY SYSTEM – AT GLANCE
The severance pay is referred to as the payment made upon the termination of the employment contract based on the seniority of the employee within the [...]
DEFINING RESILIENCE: “BOUNCE BACK”
Resilience, as an ambiguous, complex term, within its contested definitions, there is no straight definition of resilience exists in the literature. Many operational definitions indeed echo similar thought as [...]