Economic uncertainties and fluctuations in the business world severely complicate companies' financial management, leading to a more widespread occurrence of legal processes such as concordat and bankruptcy. When companies face these challenges, significant risks arise, especially for employers experiencing payment difficulties, often resulting in situations like the declaration of concordat, bankruptcy, or the postponement of bankruptcy. These situations directly impact employees, leading to delays, partial payments, or non-payment of wages, which may be their sole source of income. At this critical juncture, the Wage Guarantee Fund (ÜGF) comes into play to mitigate the adverse effects caused by the weakening of companies' financial structures.

The tax system plays a critical role in maintaining the economic balance of society and financing public services. Tax brackets, updated annually, determine the financial obligations of taxpayers. Among the most anticipated topics of the working population regarding the 2024 tax regulations are the 2024 tax brackets. In this article, we have summarized key topics such as income tax, tax brackets, and how tax brackets are calculated for you.

The amount of the retirement pension is one of the most significant concerns for individuals who are eligible to receive an old-age pension after years of work. Therefore, many prospective retirees wonder which year would be more advantageous for retirement. The answer to this question is not explicitly stated in Social Security Legislation, and calculations must be made separately for each year, considering the economic indicators of that year.

What is Retirement?

The retirement system in Türkiye is a comprehensive and dynamic structure designed to ensure that employees can lead a comfortable and secure life after years of hard work. This system, which directly affects the lives of millions of people nationwide, regulates the eligibility for retirement based on various criteria such as age, number of premium payment days, the starting date of insurance, and the duration of being insured. Over time, laws are frequently updated in response to changing economic conditions and demographic structures, shaping the retirement age and required premium days according to new circumstances. This ongoing evolution is crucial for maintaining the sustainability of the system and ensuring the financing of retirement pensions. In recent times, new categories such as EYT (Early Retirement Age) have been introduced through reforms, along with different retirement options like partial retirement.

Egypt holds a significant place in the world with its rich history and strategic geographical location. Projected to be the third-largest economy in Africa and the 43rd largest in the world by 2024, Egypt serves as a bridge between the Middle East and Africa. Beyond being a tourist destination, it offers substantial opportunities for the business world. Hosting critical trade routes such as the Suez Canal makes Egypt a strategic player in global trade.

What is Unpaid Leave?

In the dynamic structure of working life, employees may need to take unpaid leave for various reasons. Unpaid leave means that the employee stays away from work without receiving a salary for a certain period while the employment contract continues. During this period, the employee does not have the obligation to perform work, and the employer does not have the obligation to pay a salary.

What is Severance Payment?

Severance payment is an important type of compensation provided to protect the job security and economic rights of employees. This compensation, calculated based on the employee's length of service, is given when the employment contract between the employee and the employer is terminated under certain conditions. It is regarded as a reward for the employee's years of service and plays a critical role in ensuring the employee's financial security for the future. In this article, we will discuss what severance payment is, under what conditions it is granted, and how it is calculated according to the Labor Law No. 4857.

What is a Tip?

A tip is an additional payment made to an employee, particularly in workplaces such as hotels and restaurants, as an expression of satisfaction with the service provided, beyond the service charge.

Paternity leave is a legal right that allows fathers of newborn children to take time off work to spend with their families for a certain period. This leave is crucial for working fathers to support their families and spend time with their babies after birth. Under the Turkish Labor Law, paternity leave is subject to specific rules and durations. In this article, we will answer all the details and questions about paternity leave.