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In Turkey, the corporate income tax rate levied on business profits is 20%. The rate for corporate income tax has been increased to 22% for the tax periods 2018, 2019, and 2020; however, the Council of Ministers is authorized to reduce the 22% rate to a rate as low as 20%. 2. Taxes on Expenditure ...

TURQUALITY® is an ambitious project associated with bringing “Turkey” and “Quality” concepts together. The project is initiated by the Turkish Government, Ministry of Economy, Turkish Exporters’ Assembly (TIM), and Istanbul Textile and Apparel Exporters’ Association (ITKIB). The initial legal framework was laid out publicly on January 12th, 2004. TURQUALITY® is basically an accreditation system, which...

Turkey’s social insurance system is being governed by the Social Security Institution (SSI). This institution is paying pensions to 13.5 million pensioner each month. For easing the payment system and gor avoiding congestions at the banks the SSI is implementing a payment-at-the-door option for pensioners through National Postage Authority (PTT). All you need to do...

Covered Contingencies: – Heath care – Sickness benefit, through social insurance institution (SGK) – Unemployment benefit, through social insurance institution (SGK and Employment Agency) – Employment injury benefit, through social insurance institution (SGK) – Maternity benefits, through social insurance institution (SGK) – Old-age benefits, through social insurance institution (SGK) – Invalidity benefits, through social insurance...

The Turkish Labor Law No. 4857 (‘the Law’) sets forth the procedures and the circumstances for termination of employment contracts of employees by employers. With the confines of the Law, two separate termination mechanisms, namely rightful (just) termination and termination based on justifiable cause are available. According to the Law, the termination of the employment...

Foreign nationals must obtain a work visa and a work permit before starting work in Turkey. The Ministry of Labour of the Republic of Turkey and Social Security grants the work permit. Under the Code of Work Permits for Foreigners, work permits are not valid without a work visa. Foreign nationals who have obtained a...

Employment law in Turkey applies to Turkish and foreign nationals. Special provisions exist which regulate the employment and residence permits of foreign nationals who intend to work in Turkey. The main pieces of employment-related legislation applicable to both Turkish Nationals and Foreign Nationals are the: Turkish Constitution Turkish Labour Code (No. 4857) published in the...

The dynamic and innovative nature of our age makes improvement and change compulsory in every field. Countries, which attain the change and do not restrict it to numeric data; while taking the social requirements into account can manage to provide the social welfare of its citizens. The social security system in Turkey is predominantly similar...

As it is known Republic of Turkey is being governed by a Presidential democratic system. Within this structure, inspections related to employers and taxpayers are being governed by different bodies such as Social Security Institution, Ministry of Treasury and Finance, General Directorate of Customs etc. However, within the structure State Inspection Council is being in...

Workplace These are the places where the insured do their work together with the material and non-material elements. Places connected to the workplace, which are affiliated with the goods produced or services provided in the workplace and are organized under the same management and are organized under the same management, other attachments such as resting,...