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.
Law No. 7349 regarding amendments to the income tax law and certain other laws, has entered into force on 25 December 2021.
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 framework of the reasons specified in the Turkish Labor Law. There are quite different discussions with respect to the qualifications of the severance pay and its [...]
Law no 6740 on “Amending the Law on Individual Pension Saving and Investment System”[1] 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”[2], which introduced compulsory automatic enrollment of employees in a retirement scheme by employers. [...]
The upper limit for severance pay for the period from July 1, 2025, to December 31, 2025, has been set at 53.919,68 TL.
ÇEŞİTLİ SOSYAL GÜVENLİK MEVZUATLARI AÇISINDAN YABANCI ÇALIŞANLARIN GEÇİCİ GÖREVLENDİRİLME SÜRELERİ S.Sözer Çizmeci - Alomaliye.com, 05.12.2013 Genel anlamda yabancı uyruklu iş görenlere uygulanacak olan mevzuat, yabancı uyrukluların bir başka ülkede hizmet akdi ile çalışmaları durumunda çalıştıkları ülkenin mevzuatına tabi olmaları yönünde belirlenmektedir. Bu ilke yabancı uyruklulara uygulanacak sosyal güvenlik mevzuatının belirlenmesi için de geçerlidir. 5510 sayılı Sosyal [...]
Social security system of Turkey is governed by Social Insurance and Universal Health Insurance Law (Law no. 5510, Enactment 16.06.2006), bilateral and multinational social security agreements to which Turkey is party. Under Turkish legislation, in regard to social security coverage of the foreign employees, so called “The Law of the place of work principle” (Lex Loci [...]
