With the Official Gazette numbered 31712 and dated 07.01.2022, the Social Security Employer Implementation Communiqué published in the Official Gazette numbered 28398 and dated 01.09.2021 has been abolished.

The related statements would still be in force in the other Circulars, Communiqués, and Regulations of the Social Security Institution.

According to the 27998389 - 010.06.02-854887 numbered Circular published by the Ministry of Treasury and Finance with the subject ‘Financial and Social Rights’, the coefficients used to calculate the wage of public officers have been revised effective 01.01.2022.

Income Tax Exempted Severance Payment

The following value has been calculated taking these coefficients into account and shall be applied for the period between the dates of 01.01.2022 – 30.06.2022 maximum severance payment to be exempted from income tax is determined as 10,596.74 TRY.

To access the full circular in which these announcements were made, please click here. (Please also be advised that the contents of this circular are in Turkish.)

Should you have any queries or need further details, please contact your customer representative.

With the Communiqué published by the Central Bank of the Republic of Türkiye in the Official Gazette dated 02.01.2022 and numbered 31707, the default interest rate and the minimum compensatory amount to be applied in late payments is determined.

According to the Communiqué, the annual default interest rate is 17,25 and the minimum compensatory amount is 555.00 TRY.

Social Security Institution has published a notification regarding the SSI premium debt inspection for 5 points premium discount.

Per that notification, the SSI premium debt inspections will start as of January 2022 for the 5% discount on the SSI employer portion.

The 5% SSI premium discount would not be applicable for an employer if any of the workplaces in Türkiye have SSI premium debt, unemployment premium debt, administrative fine, late payment interest, etc.