Tax Procedure Law General Communique related to 2015 exchange rate valuation for foreign currencies which don’t have market value in the stock market has been published official gazette numbered 29616 on 06.02.2016. Exchange rate valuations are as below. You can view the detail of communique for unstated currencies.

SSI Circular no 2016/01 was issued regarding to the Insurance Premium Support stipulated by the Interim Article 15 of Law No 4447.

The Circular sets forth; the procedures and principles regarding to the enforcement of Article 28 of Law No 6645 published in the Official Gazette No 29335 dated 23/4/2015 and Interim Article 15 of Law No 4447 on Unemployment Insurance.

You can reach the announcement of the Social Security Institution on Minimum Wage Support dated 05.02.2016 from the link below.

The circular will be published following the determination of the application procedures and principles regarding the subject.

As stated in the announcement, the transactions regarding the issuance of the Monthly Premium and Service Documents for the January 2016 period and the payment of the premium will be carried out within the framework of the current practices, and there will be no different application for the period of January 2016.

The Law No: 6661 on Military Service and Amendment of Certain Laws has been published in the Official Gazette dated 27 January 2016, No: 29606 and entered into force. With Article 17 of the said Law and Provisional Article 68 added to the Law No: 5510 on Social Security and General Health Insurance, the SGK (Social Security Institution) incentive granted to employers for 2016 has been declared. According to this article, regarding the total number of premium payment days of insured declared in the monthly premium and service declaration (APHB) to be approved in 2016, for insured declared with a daily income of 85 TL as basis for premium and below declared in APHB submitted to the Institution in the same month of 2015, in other words, the insured whose monthly SGK base is declared as 2550 TL and below, on condition to not exceed the total number of days of premium, daily 3.33 TL will be deducted from the total employer’s premium to be paid to the Institution and this amount will be covered for the whole year 2016 by the Treasury. Thus, additional treasury incentive will be provided, which will not exceed 99.90 TL monthly, per person.