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Legislation - CottGroup Holistic Business Services

21April2021

Short-term Employment Period was Extended to June 30, 2021

Short-term employment allowance has been extended to June 30, 2021 for the April, May and June periods.

This extension would be applicable for the same employees, who has been on short-term employment in previous months, with the same conditions. There would be no new application.

You can reach the details about employer support payments on short-term employment period via the link.

You can reach the details of short-term employment period via the link.

You can reach the details of short-term employment process via the link.

You can reach the related decision via link. (In Turkish)

Author Erdoğdu Onur Erol, Category Social Security Law and Legislation

16April2021

The Regulation Prohibiting Payments with Crypto-assets

The Regulation Prohibiting Payments with Crypto-assets (“Regulation”) that published in the Official Gazette dated April 16, 2021 and numbered 31456 will enter into force on April 30, 2021.

What is the purpose of the Regulation?

Procedures regarding the non-use of crypto-assets in payments, not using crypto-assets directly or indirectly in the provision of payment services and electronic money issuance, and the transfer of fund from payment services and electronic money institutions to platforms offering trading, custody, transfer or issuance services to crypto-assets and it is aimed to determine the principles.

Author CottGroup Hukuk ve Mevzuat Ekibi, Category Turkish Commercial Code

16April2021

Deadline of Annual Operating Statement is 30.04.2021

According to the 2nd Article of Industrial Registry Law No. 6948, industrial businesses must be registered to industrial registry and receive an Industrial Registry Certificate.

Companies, which have Industrial Registry Certificate, are required to declare their "Annual Operating Statements" within the first four months of every year.

Annual Operating Statements shall be submitted on The Ministry of Industry and Technology’s website www.sanayi.gov.tr from the section "Industrial Registry Information System", which can be found under the "E-Services" menu.

Companies, which have Industrial Registry Certificate, must submit declaration of 2020 "Annual Operating Statement" digitally until 30.04.2021 at the latest to avoid penal sanctions.

Within this scope, businesses that do not fulfil the mentioned liability will be imposed an administrative fine of 1.730,00 TL as per the limits determined for 2021.

Author Selma Kıy, Category Taxation Law

08April2021

SSI Termination Reason Code Changes

Social Security Institution has published a new Communiqué numbered 2021/9 and canceled the termination code 29 (for the behaviors of the employee against ethic rules) and added new termination codes with that new Communiqué.

The new codes on the Communiqué are as below:

Code-42; "If the employee tricks the employer and gives incorrect information about the employer during the employment contract. (Law No: 4857 Article 25-II-a)

Code-43; If employee speaks of ill or behaves disrespectfully on behalf of the employer or their families (Law No: 4857 Article 25-II-b)

Code-44; If the employee sexually harass another employee. (Law No: 4857 Article 25-II-c)

Author Erdoğdu Onur Erol, Category Social Security Law and Legislation

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