Legislation

COTTGROUP

06December2018

REPATRIATION OF CAPITAL APPLICATION IS EXTENDED FOR 6 MONTHS

Durations; which were stated in the clauses (a), (b), (c) and (e) of the 13th paragraph of the 10th Article that belongs to “The Law no. 7143 on Restructuring Taxational and Other Certain Debts and Amendments in Certain Laws”, published in the Recurrent Official Gazette numbered as 30611 on 30 November 2018; are extended for 6 months starting from the due dates with the Presidential Decree numbered as 405, which extends the duration for 6 months starting from the due dates of declarations of relevant assets and %2 tax payments over the declared amounts.

Posted in Social Security Law and Regulations, Taxation Law

26November2018

STAMP TAX DUTY FOR THE CONTRACTS IMPACTED BY CURRENCY PROTECTION LAW

The prohibition of determining the contract price in foreign currency or based on foreign currency is imposed for many contracts (namely, chattel and real estate sales and leasing, financial leasing, labour, service and construction agreements) that are concluded between the Turkish residents, with 13/9/2018 dated and 85 numbered “the Decree on the Amendment of 32 numbered Decree regarding the Protection of Turkish Currency” (“Presidential Decree”). Under this new regulation, the necessary of amendment of the contract price converted into Turkish currency is needed for the contracts in the scope of the prohibition. At this point, a stamp tax problem occurs for the amended contracts.

Written by Seda Arıcı, Posted in Exchange Legislation, Protection of the Value of Turkish Currency Regulations, Taxation Law

23November2018

REGULATION ON AMENDING THE REGULATION ON SHORT-TIME WORKING AND SHORT-TIME WORKING ALLOWANCE HAS BEEN ANNOUNCED

The Regulation on Amending the Regulation on Short-time Working and Short-time Working Allowance entered into force upon having been published in the Official Gazette No. 30590, dated 09.11.2018.

This regulation contains the amendments made to the Regulation on Short-time Working and Short-time Working Allowance, which entered into force upon having been published in the Official Gazette No. 27920, dated 30.04.2011. The relevant regulation has been prepared on the basis of the below detailed Additional Article 2 of the Unemployment Insurance Law No. 4447.

Written by Osman Tiriş, Posted in Social Security Law and Regulations, Labour Law

23November2018

THE REGULATION REGARDING THE BENEFIT FOR TEMPORARY INCAPACIY TO BE SETTLE FROM THE EMPLOYER’S PREMIUM DEBTS

According to the art. 18 of the Social Security and General Health Insurance Law, benefit for temporary incapacity is given by the Social Security Institution (“SSI”) to the 4/a or 4/b insured employees with the provision of receiving sick leave report from doctors or health committees authorized by the SSI. Also in clause 6 of the same article states that: “Benefits for temporary incapacity is paid in the name of the Institution, by the workplaces concluded collective labour agreement and employers of public administrations, to the insurant in accordance with the procedure and principles determined by the Institution, and afterwards shall be collected via net off with the Institution”. It is provided with the 2016/21 numbered Circular that not only the workplaces that conclude collective labour agreements and public administrations but also all workplaces that demand, shall benefit from this practice.

Written by Seda Arıcı, Posted in Social Security Law and Regulations

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