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02January2019

The Default Interest Rate Is Determined for 2019

As is known, the default interest rate announced every January by the T.R. Central Bank has been applied in case there is no default interest rate is determined in a contract or related clause is invalid regarding the good or service supply, according to the clause 7 of the Art. 1530 of the Turkish Commercial Code.

Author CottGroup Hukuk ve Mevzuat Ekibi, Category Taxation Law, Turkish Commercial Code

02January2019

2019 Legal Parameter Changes

  • Income Tax Exempted Food Allowance
  • Disablement Degree Discount
  • Income Tax Brackets of 2019
  • Stamp Tax Rate

Author CottGroup Hukuk ve Mevzuat Ekibi, Category Social Security Law and Legislation, Taxation Law

25December2018

2019 Minimum Wage & the Minimum Subsistence Allowance Rates (MSA)

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.

Author CottGroup Hukuk ve Mevzuat Ekibi, CottGroup Hukuk ve Mevzuat Ekibi, Burcu Özel, Category Social Security Law and Legislation

24December2018

The New Procedure for the Execution Proceedings in Subscription Agreements

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.

Author CottGroup Hukuk ve Mevzuat Ekibi, Category Taxation Law

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