a. Minimum wage

In The press release dated December 25, 2018 the Ministry of Labor along with the Minimum Wage Determination Committee have announced the minimum wage to be effective for the year of 2019 as shown in the table below.

7155 numbered the “Law on Initiating an Execution Process Regarding the Pecuniary Claims Arising from Subscription Agreements” (the “Law”) has published in the Official Gazette on December 19th, 2018. The Law hereby, aims to determine the procedure and principles of carrying out the execution proceedings (without judgement) through levy for the pecuniary claims arising from subscription agreements by initiating the process on Central Follow-up System on UYAP until the distraint phase.

“Resolution on Making Amendments in the Resolution Regarding Determination of the VAT Rates to Be Implemented on Goods and Services” (“Presidential Decree” numbered 475) has been published on 19.12.2018, Official Gazette numbered 30630.

According to the related law, sales of newspapers and magazines online, and deliveries of e-newspaper and e-magazine readers, tablets and counterparts shall be subject to %18 VAT. The effective date of the resolution has been determined as 01.01.2019.

The amendment of the resolutions of Council of Ministers regarding the tax deductions within the Art. 15 and 30 of the Law on Corporate Tax no.5520; and Art. 94 of the Income Tax Law no.193; and including some services in the scope of tax deduction under Art. 11/7 of the 213 numbered Tax Procedure Law, is determined with the Presidential Decree (the “Decree”) no. 476 on 18.12.2018.