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Legislation - CottGroup Holistic Business Services

08July2020

Due Date for Second Installment of Annual Income Tax is 31.07.2020

The income generated from renting commodity and rights, which are indicated in the 70th Article of the Income Tax Law, is defined as "estate capital revenue" and these revenues are subject to income tax under certain circumstances.

The income tax calculated over the income tax declarations regarding the rent revenues in 2019 are paid in two equal installments in March and July of 2020.

The second installment shall be paid until 31 July 2020.

Author Selma Kıy, Category Taxation Law

08July2020

Motor Vehicle Tax Payment for 2020 2nd Period

Second installment of 2020 Motor Vehicles Tax shall be paid between 01.07.2020-31.07.2020.

Second installment of 2020 Motor Vehicles Tax shall be paid for the vehicles registered to your name or company. Taxpayers are able to view and pay their taxes without logging into Interactive Tax Office, by submitting only the license plate and Turkish ID number.

Payments can be deposited from postal offices, tax offices and the banks which have an agreement with the authorities.

For detailed information, please contact your customer representative.

Author Selma Kıy, Category Taxation Law

06July2020

Approval for the Social Security Treaty Between Kyrgyz Republic and the Republic of Türkiye

Social Security Agreement between the Republic of Türkiye and Kyrgyz Republic that was signed on 9 April 2018, has been approved by Türkiye President. The approval decision has been published on the Official Gazette dated 3 July 2020, numbered 31174.

Author Erdoğdu Onur Erol, Category Social Security Law and Legislation

01July2020

Short-Term Employment & Employment Guarantee Period Extension

Due to Covid-19, short-time working allowance was extended by 1 month for workplaces where short-term work was carried out.

In addition, the temporary employment guarantee period was extended by 1 month.

According to the decision, a short working period can be extended for the same employees who have previously benefited from short work and without exceeding the same conditions without the need for a new application and determination of conformity.

The decision regarding the extension of the short working period was published in the Official Gazette dated 31 June, No. 30, 2020. Decision text is as follows:

Author Erdoğdu Onur Erol, Category Social Security Law and Legislation

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