Electronic books and e-invoices were introduced to the Turkish accounting system in 2008, and started to be used voluntarily subsequently in 2010 and 2011. In 2012, certain tax payers were gradually required to use e-books and e-invoicing¹, and recently the Communiqué 454, published in the Official Gazette in 20/06/2015, has expanded its application to include:

Turkish laws and regulations allow the retroactive payment of premiums for childbirth and military service periods for early retirement. The premiums owed as a lump sum for the mentioned periods are calculated based on minimum wage, which will be subject to an increase in July 2015.

It is advised that those who would like to benefit from this option for early retirement apply in June in order to take advantage of the former minimum wage amount and pay favorable rates.

The lowest applicable calculation base is 32% of the current minimum wage; which for June 2015 is 384,48 – for 30 days. With the upcoming increase in minimum wage in July, this amount will raise up to 407.52.

As a result, a retroactive premium payment for 24 months for childbirth, calculated from the lowest base, as 9.222,52 TL in June will be 9.780,48TL in July, a whopping increase of 552,00 TL. Likewise, a retroactive premium payment for 18 months for military service amounting to 6.920,64 TL will increase to 7.335,36 TL in July.