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Social Security Law and Legislation

 
05January2016

2016 Minimum Wage & the Minimum Subsistence Allowance Rates (MSA)

a. Minimum Wage

The decision of the Minimum Wage Determination Commission related to the minimum wage amount applicable in 2016 has been published in the Official Gazette dated 31 December 2015 and numbered 29579.

You can access the complete version of the Official Gazette from this link.

Author CottGroup Hukuk ve Mevzuat Ekibi, Category Social Security Law and Legislation

30December2015

Insurance Premium Incentive Applied With The Law Number 6111

With the Cabinet Decision published in the Official Gazette published with the number 29576 on 28th December 2015, the duration for benefitting the incentive for Social Security Premium Employer Share as stipulated in the 10th temporary aticle of Law number 4447, has been extended until 31st of December 2020.

Author CottGroup Hukuk ve Mevzuat Ekibi, Category Social Security Law and Legislation

28December2015

2016 Legal Parameter Changes

  • Income Tax Exempted Food Allowance

 

Meal allowance tax exemption amount that is applied as of 1st January 2016 was announced in 290 serial numbered Income Tax General Communique on 25.12.2015 with Official Gazette. According to this announcement, meal allowance, which is provided by the employer outside of the workplace and workplace outbuildings as defined in the Income Tax Law's 23rd Articles, exemption amount is defined as 13,70 TL for 2016.

Author CottGroup Hukuk ve Mevzuat Ekibi, Category Social Security Law and Legislation, Taxation Law, Labor Law

10December2015

Keeping Minimum Subsistence Allowance Up-to-date

The Minimum Subsistence Allowance (MSA) is a tax benefit for all employees. The amount of allowance varies on the employee's marital and family status, including dependent children. Employees can benefit from the MSA by filling out a declaration form and indicate information relating to their marital status, spouse's employment status and dependent children, if any.

The employees are responsible for providing truthful information and must inform their employer of any changes in their family status within 1 month, at the latest. While the responsibility of providing up-to-date MSA information rests with the employee, employers are recommended to periodically remind their employees to update their MSA information on their file to avoid potential tax fines.

Author CottGroup Hukuk ve Mevzuat Ekibi, Category Social Security Law and Legislation, Labor Law

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