a. Minimum Wage

In The press release dated December 28, 2020 the Ministry of Labor along with the Minimum Wage Determination Committee have announced the minimum wage to be effective for the year of 2021 as shown in the table below.

Sanitation Tax

Sanitation tax is collected in 2 installments each year from the workplaces that benefit from the municipal solid waste collection and sewerage services. Deadline for the second installment is 30.11.2020.

Payments can be also deposited via E-Municipality system.

New amendments have been made with the Law on Amending Certain Laws and Restructuring of Certain Debts No. 7256, dated as 11 November 2020, and published in the Official Gazette No. 31307 dated 17 November 2020.

While the definite public and certain other receivables were restructured within the scope of the mentioned Omnibus Law, a new repatriation of assets was brought. Also, amendments have been made which can affect Income Tax Law, Corporate Tax Law and Value Added Tax Law considerably.

Details on debt restructuring are as below;

• Restructuring of receivables up to 500 billion TL, encompasses receivables before 31^st August 2020.
• Those who want to benefit restructuring can apply until the end of 2020.
• If debts are paid in first installment, 90% of the late interest will be cancelled.
• Within the scope of restructuring, installments will be paid in every two months and can be split into 18 months.
• Payments regarding the Ministry of Treasury and Finance will start in January 2021.
• Payments to be made to SSI will start in February 2021.

New regulations came into force for employers and employees with the Law No. 7256 published in the Official Gazette, dated 17 Nov 2020, numbered 31307.

Important Points Regarding the Additional Employment Incentives as per the New Regulation

For those who benefit from unemployment benefits, long-term insurance premiums to be calculated for the period they benefit from the unemployment benefit will be covered by the Unemployment Insurance Fund, if they are employed within 90 days following their termination, work subject to uninterrupted service contract for 12 months and make a request.

The President has been authorized to extend the Employment Incentive practice of Young, Women and those with professional certificates until 31/12/2023.

The President has been authorized to extend the additional employment support in the provisional article 19 of the Unemployment Insurance Law until 31/12/2023.

The President has been authorized to extend the income tax withholding incentive and stamp tax support provided to private sector employers who provide additional employment in accordance with Law No. 7103 until 31/12/2023.

The effective date of the Tradesmen's ahi-order Fund application has been changed as 31/12/2023.