As of 01.01.2019, a new application of incentive has started with “Communique on Procedures and Principles Regarding the Benefit from Employer’s Share Incentive of Unemployment Insurance Premium in Work Places Which Are Classified as Very Dangerous and Have More Than 10 Employees” (the “Communique”) which was published on 31.12.2018, in the 4th Recurrent Official Gazette. According to the Law on Occupational Health and Security numbered 6331, workplaces which are considered as very dangerous and have a minimum of 10 employees will receive a premium incentive for a period of 3 years, if there has been no occupational accident resulting in death or incapacity for the last three years.

Briefly, conditions to benefit from the incentive for the employers are juxtaposed in the Communique as below:

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.

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

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.