With the merging of the improving technological infrastructure and the audit culture, controls and investigations have started to be made more often and more effectively. In the context of this article, we will shortly touch briefly to the subject, that many company shareholders face penalty risks.

It is made obligatory to have the daily working household employees insured. In practice it is realized that, problems and difficulties are often experinced, even though the execution of these processes are quite easy and quick. As per the relevant regulation, even for a household employee to work for 1 day, they must be insured.

Daily Household Employee: The definition for individuals, who can perfom the tasks such as cookig, cleaning, washing dishes, laundering, ironing, gardening and shopping, child and eldercare outside the household members.

We would like to present you the easiest method fo this process.

Turkish expats living and working abroad may apply for retirement if they meet the eligibility requirements. Turkish residency is not a requirement during the initial application process, even though, it becomes mandatory in order receive pension payments. In order to benefit from this option, applicants will need to make contribution payments in order to receive their pension.

Turkish laws and regulations allow the retroactive payment of premiums for childbirth and military service periods for early retirement. The premiums owed as a lump sum for the mentioned periods are calculated based on minimum wage, which will be subject to an increase in July 2015.

It is advised that those who would like to benefit from this option for early retirement apply in June in order to take advantage of the former minimum wage amount and pay favorable rates.

The lowest applicable calculation base is 32% of the current minimum wage; which for June 2015 is 384,48 – for 30 days. With the upcoming increase in minimum wage in July, this amount will raise up to 407.52.

As a result, a retroactive premium payment for 24 months for childbirth, calculated from the lowest base, as 9.222,52 TL in June will be 9.780,48TL in July, a whopping increase of 552,00 TL. Likewise, a retroactive premium payment for 18 months for military service amounting to 6.920,64 TL will increase to 7.335,36 TL in July.