Communique Regarding The R&D and Design Support Law has been published on the 27.05.2022 dated and 31848 numbered Official Gazette.

Regarding The Income Tax Withholding Incentive

With the Law no: 7346, the regulations in force as of 12.10.2021 are as below:

The amendments on the Law no: 5746 (article 3) and Law no: 4691(temporary article 2) can be summarized as below:

The periods spent outside these centers or Zones are also considered within the scope of income tax withholding incentive, provided that

Obtaining Tax Plate

Tax plates are required to be generated after submission of annual Income Tax and Corporate Tax declarations, until 31.05.2022, via GIB (In Turkish) Internet Tax Office system.

With the General Communiqué No. 408 of Tax Procedural Law (VUK) (In Turkish), the obligation of hanging tax plates to company and branches was cancelled, and the practice of keeping them at the workplace was introduced.

If it is determined that tax plates are not kept at the workplace, a special irregularity fine of 500,00 TL for 2022 will be issued, in accordance with the VUK article 353/4.

The Regulation on Amending the Regulation on the Implementation of the Turkish Citizenship Act ("Regulation") (In Turkish) has been published in the Official Gazette dated 13.05.2022 and numbered 31834.

With the amendment made, the cost of acquisition of Turkish citizenship by purchasing real estate has been increased from 250,000 USD to 400,000 USD. The relevant decision will enter into force on 13.06.2022.

The Social Security Institution published a General Letter with regards to the employer representation.

Per that regulation, SSI will assign employer representatives per the employee count of the companies to fasten the SSI processes.

The employer representative implementation will primarily start in Izmir and Gaziantep provinces as of 16.05.2022. And, per the results & feedbacks, this would be applicable in all provinces in the future.