Boards of directors, one of the cornerstones of corporate governance, undertake many critical functions such as determining company strategies, managing risks, and creating long-term value. Among the payments made to board members in return for these responsibilities, the most common one is the attendance allowence. However, the definition of the attendance allowence, its legal framework, taxation process, and accounting treatment can often be confusing. So, what is an attendance fee? Who is entitled to receive it? How is it calculated and taxed?

A dispute has arisen between the decisions of the civil chambers of the regional courts of appeal as to whether, under Article 57/1 of the Turkish Labor Law No. 4857, the employer’s failure to prepay or advance the leave payment for the employee's annual paid leave period constitutes just cause for termination by the employee. This matter was subsequently brought before the High Court (Court of Cassation).

The success of a project often does not lie in the moment it begins, but rather in the right steps taken before initiating it. Among these steps, the most critical one is undoubtedly the feasibility study. Today, for every organization aiming for sustainable growth, feasibility is not merely preliminary research but also a strategic guide designed to minimize risks.

In today's business world, where efficiency, cost optimization, and specialized expertise are key priorities, outsourcing has become an indispensable strategy for companies. Particularly in areas such as human resources, accounting, and payroll solutions, outsourcing plays a significant role in enhancing a company’s competitiveness.

The transfer of the cumulative income tax base to a new employer during a mid-year job change raises several important questions.

The most frequently asked question by both employees and employers is whether the cumulative income tax base from the previous workplace should be carried over to the new employer. This issue, along with other related considerations, is discussed in detail below:

What is Withholding Tax?

Withholding tax refers to the process of partially or fully deducting and paying the tax either by the buyer or the seller, in order to ensure secure and effective tax collection. This practice is especially important in terms of Value Added Tax (VAT) and Income Tax, serving as a safeguard mechanism to prevent tax losses. Withholding the tax at its source helps the government collect tax revenues accurately and on time.

What is Inflation Accounting?

Inflation accounting is an accounting regulation implemented to ensure that financial statements reflect reality in high inflation environments. Since the purchasing power of money changes over time due to inflation, financial statements need to be updated. This practice is regulated under the Tax Procedure Law (VUK) and International Financial Reporting Standards (IFRS).

The primary objective of this practice is to adjust the assets, liabilities, and equity in companies' financial statements to align with current economic conditions, enabling more accurate financial analyses. The distortion in monetary items caused by high inflation makes it difficult to understand a company's true profitability and financial strength. Inflation accounting enhances the accuracy of financial statements, allowing investors, lenders, and other stakeholders to make more informed decisions.

What is On-the-Job Training Program?

İŞKUR (Employment Agency) on-the-job training program aims to reduce unemployment, to reinforce the professional knowledge of the unemployed candidates registered on İŞKUR, to learn and develop by experiencing the work and production processes. With the on-the-job training program, employers can have the opportunity to review the performances of the candidates for a certain period of time to employ qualified workforce, and they also have the opportunity to save on the cost of searching for new employees.

What are the Benefits of the On-the-Job Training Program?

With the İŞKUR (Employment Agency) on-the-job training program, employers can save as much as the cost of a minimum wage by including the candidates they want to hire after meeting the necessary conditions. Based on that, employers can have the opportunity to see the candidates while working in the field, and they will have the opportunity to train them according to their own corporate culture and needs. If the program ends positively, they will also be able to benefit from SSI incentives for the new employees.

You can contact us for detailed information about incentives.

To protect employment, support business continuity and ensure the sustainability of economic vitality in the labor-intensive sectors of the manufacturing industry, KOSGEB (Small and Medium Enterprises Development and Support Administration) started to implement the Employment Protection Support Program, which is offered on a non-refundable basis.