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25May2020

The Deadline for Retrospective Incentive Change Requests Postponed

The publication below may be out of date due to postponements and recent announcements. Please contact your client representative to have further information and for your queries about the recent announcements regarding your legal obligations.

In the General Letter No. 4909683 dated 23/3/2020, SSI has announced the deadlines and instructions with regards to the monthly premium and service declarations of the employers who made their applications for benefiting from the previous premium promotion, support and discounts within the legal period.

However, they need some revisions with regards to the deadlines due to the Covid-19 pandemic.

Based on this, SGK has published a new announcement dated 22.05.2020 and numbered 6237651. The relevant provisions of the SSI are as follows:

-Within the scope of the first paragraph of the Article 17 of the Law No. 5510, to benefit from an incentive or for a retrospective incentive change, related to 2018 / April and beyond;

Author Erdoğdu Onur Erol, Category Social Security Law and Legislation

20May2020

Procedures and Principles of Dividend Distribution Limitation are Determined

Within the scope of Provisional 13th Article of Turkish Commercial Code numbered as 6102, added with 17/04/2020 dated and 7244 numbered Law; it has been decided that "until 30/09/2020, capital companies can only decide to distribute 25% of 2019 period net profit, previous years'profits and free capital reserves cannot be included within the decision, and company board cannot receive authorization of advance dividend payment from general assembly".

The communiqué published in the 31130 numbered Official Gazette on 17.5.2020, provides explanations regarding the procedures and principles of executing the provisional 13th article of the Turkish Commercial Code.

Author Selma Kıy, Category Taxation Law

13May2020

Submission and Payment Periods of Provisional Tax Returns are Extended to 28 May

Due to the curfew to be imposed within the scope of Covid-19 outbreak precautions, with the 12.05.2020 dated and VUK-130 / 2020-9 numbered circular, Revenue Administration of The Ministry of Treasury and Finance has extended submission and payment of Provisional Tax Returns, which belong to 2020 1st Provisional Tax Period (January-February-March), until the end of 28 May 2020, Thursday, instead of May 18 2020.

Author Selma Kıy, Category Taxation Law

11May2020

Covid-19 Not Accepted As A Work Accident or Occupational Disease

With the circular dated 07/5/2020 and numbered 2020/12; SSI has announced that the insurance holders who are exposed to Coronavirus (COVID-19) disease will have sickness insurance provisions, not work accident or occupational disease provisions.

The below statement has been located under the Law no: 5510, Article 15;

Author Erdoğdu Onur Erol

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