The withholding tax return is a declaration through which employers and tax withholding agents report, on a collective basis, the income tax withholdings deducted from various payments made within a month (or a quarter). As of 2020, the withholding tax return and the Social Security Institution (SSI) “Monthly Contribution and Service Document” were consolidated into a single form, and the practice has been carried out under the name Withholding Tax and Social Security Contribution Service Return (MPHB / MUHSGK). Accordingly, wage withholding tax and social security contribution and service information are submitted electronically within the same return. In this article, we answer practical questions such as what “muhtasar” means, what the withholding tax return is, when it is submitted, how it is prepared, and what the withholding tax return codes are.

What is an Internship?

An internship is a temporary work experience that provides students or recent graduates with practical, hands-on knowledge and skills in a specific field or industry. These opportunities can be paid or unpaid, full-time or part-time, and can last from a few weeks to several months. They allow students to apply what they've learned in school to the business world while also making valuable connections and gaining insight into their chosen profession. In essence, internships are a valuable stepping stone for individuals seeking to jump-start their careers and gain a competitive advantage in the job market. The rise of remote and hybrid working in today's business world has increased online (remote) internships and made them the new norm.

The foundation of sustainable corporate success lies in measurable performance management. While the most valuable asset of every organization is its people, effectively managing this asset is only possible through data-driven performance evaluation systems.