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Legislation - CottGroup Holistic Business Services

05January2017

2017 1st Period - Maximum Severance Payment Amount Has Been Declared

a. Income Tax Exempted Severance Pay

According to the circular numbered 27998389-010-06-02-66 released by the General Directorate of Budget and Fiscal Control on 03.01.2017 with the subject 'Financial and Social Rights', the coefficients used to calculate the wage of a civil servant have been revised effective 01.01.2017.

Author CottGroup Hukuk ve Mevzuat Ekibi, Category Taxation Law

04January2017

Consent To Work Overtime

Due to overtime and extra hours regulations in Türkiye, employers are obliged to seek consent from their employees in writing at the beginning of every year and keep it in the employee's respective personnel file.

Click here to download the bilingual consent form applicable for 2017.

Author CottGroup Hukuk ve Mevzuat Ekibi, Category Labor Law

03January2017

New Amendment on Automatic Enrollment in Private Pension Insurance Has Been Released

The Regulation on Terms and Procedures for the enrolment to the individual pension savings insurance of the employees into a pension plan through their employers was published in the Official Gazette issued on 02 January 2017 under no 29936.

This Regulation intendeds to determine workplaces and employees to be admitted on the pension plan under the policy whereby employees are to be automatically admitted to a pension plan through their employers as well as to set the rate of employee contribution share to be deducted from the wages of the employees and to lay down such terms and procedures to enforce the Regulation.

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

29December2016

2017 Minimum Wage & the Minimum Subsistence Allowance Rates (MSA)

a. Minimum wage

The decision of the Minimum Wage Determination Commission related to the minimum wage amount applicable in 2017 has been published in the Official Gazette dated 30 December 2016 and numbered 29934.

TERM

GROSS

NET **

2017

1.777,50.-TRY

1.404,06.-TRY

Author Burcu Özel, Category Social Security Law and Legislation

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