Employment contracts in Türkiye are governed not only by the Labor Law but are also influenced by various other legislative frameworks. This comprehensive approach ensures robustness and thoroughness in employment legalities, safeguarding both employer and employee interests.

What is Social Security?

As a social being, the humankind seeks for social security throughout their life. Security is the one of the principal fundamental rights. According to the Article 60 of the constitution, “Everyone has the right to social security. The State shall take the necessary measures and establish the organization for the provision of social security.” Social security is the term for assuring the conditions for one to live by themselves without needing the help of another human being when they experience loss in the face of occupational or social risks. The Social Security institution was built for actively executing this mission. The institution was formed to provide and maintain social security as a result of the important regulations made on the Social Security Institution Law No. 5502 and the Social Insurance and General Health Insurance Law No. 5510.

What do we understand from the SSI Incentives?

Incentive is the term for indicating the public support due to the rapid development and effectiveness of various economic and social activities compared to different fields.

On September 17, 2018, the Treasury had made a press release which was expected to be clarified with further explanations. The alteration to the recently announced regulations and the press release was announced on Saturday, October 6, 2018, through the Communiqué. As per the newly published Communiqué, workplaces (employers) are obligated to have employment contracts based on foreign currency converted to Turkish Lira (TRY) based contracts in certain cases. The deadline to have the employment contracts amended to TRY is October 12, 2018.