With the Law numbered 7263 published on the Official Gazette dated 03.02.2021, companies in R&D region and technology development zones are obliged to allocate funds at the rate of 2% of their earnings, as of 01.01.2022.

The regulations on Technology Development Law no: 4691 are as below:

• As of 01/01/2022, if the exempt earning on the annual tax return of the income taxpayers and corporate taxpayers is 1,000,000 TRY or more, the 2% of this amount would be transferred to a temporary passive account.
• The amount to be transferred is limited to 20,000,000 TRY on annual basis.

Annual income tax returns for 2021 income will be submitted to the relevant tax offices in March 2022. (Deadline is 31 Mar 2021)

The details of the subject are included in the General Communiqué dated 27.05.2020 and serial number 311 published by the Revenue Administration. You can click the link for the details.

Social Security Institution has announced that the social security premium payment deadline for January 2022 has been postponed to 03.03.2022.

Per the announcement, the regular social security premium deadline which is 28.02.2022, has been postponed to 03.03.2022 considering the workload of the employers arised in February.

The authorities also noted that to be able to benefit from the incentives, the payments would need to be done until the deadline.

The Regulation on the Protection and Processing of Data Within Social Security Institution ("SSI") ("Regulation")entered into force after being published in the Official Gazette dated 02.19.2022 and No. 31755. Within the scope of this Regulation, the procedures and principles to be followed in the processing of the personal data obtained by the SSI is determined.

What are the Highlights of the Regulation?