The success of a project often does not lie in the moment it begins, but rather in the right steps taken before initiating it. Among these steps, the most critical one is undoubtedly the feasibility study. Today, for every organization aiming for sustainable growth, feasibility is not merely preliminary research but also a strategic guide designed to minimize risks.

The transfer of the cumulative income tax base to a new employer during a mid-year job change raises several important questions.

The most frequently asked question by both employees and employers is whether the cumulative income tax base from the previous workplace should be carried over to the new employer. This issue, along with other related considerations, is discussed in detail below:

What is Withholding Tax?

Withholding tax refers to the process of partially or fully deducting and paying the tax either by the buyer or the seller, in order to ensure secure and effective tax collection. This practice is especially important in terms of Value Added Tax (VAT) and Income Tax, serving as a safeguard mechanism to prevent tax losses. Withholding the tax at its source helps the government collect tax revenues accurately and on time.

What is Inflation Accounting?

Inflation accounting is an accounting regulation implemented to ensure that financial statements reflect reality in high inflation environments. Since the purchasing power of money changes over time due to inflation, financial statements need to be updated. This practice is regulated under the Tax Procedure Law (VUK) and International Financial Reporting Standards (IFRS).

The primary objective of this practice is to adjust the assets, liabilities, and equity in companies' financial statements to align with current economic conditions, enabling more accurate financial analyses. The distortion in monetary items caused by high inflation makes it difficult to understand a company's true profitability and financial strength. Inflation accounting enhances the accuracy of financial statements, allowing investors, lenders, and other stakeholders to make more informed decisions.

What is On-the-Job Training Program?

İŞKUR (Employment Agency) on-the-job training program aims to reduce unemployment, to reinforce the professional knowledge of the unemployed candidates registered on İŞKUR, to learn and develop by experiencing the work and production processes. With the on-the-job training program, employers can have the opportunity to review the performances of the candidates for a certain period of time to employ qualified workforce, and they also have the opportunity to save on the cost of searching for new employees.

What are the Benefits of the On-the-Job Training Program?

With the İŞKUR (Employment Agency) on-the-job training program, employers can save as much as the cost of a minimum wage by including the candidates they want to hire after meeting the necessary conditions. Based on that, employers can have the opportunity to see the candidates while working in the field, and they will have the opportunity to train them according to their own corporate culture and needs. If the program ends positively, they will also be able to benefit from SSI incentives for the new employees.

You can contact us for detailed information about incentives.

To protect employment, support business continuity and ensure the sustainability of economic vitality in the labor-intensive sectors of the manufacturing industry, KOSGEB (Small and Medium Enterprises Development and Support Administration) started to implement the Employment Protection Support Program, which is offered on a non-refundable basis.

In Türkiye, one of the most important taxes in the financial sector, the Banking and Insurance Transactions Tax (BITT), is an indirect tax levied on the revenues obtained from banking and insurance services as well as on certain transactions. Playing a regulatory role in the economy, Banking and Insurance Transactions Tax contributes to public revenues by recording financial transactions. The manner of application, rates, and exceptions of the tax are determined by Expense Taxes Law No. 6802.

An amendment made in Article 102 of Law No. 5510 on Social Insurance and General Health Insurance stipulates that employers who submit declarations and documents to the Institution after the legal deadline, under certain conditions, will receive a discount equivalent to one fourth of the administrative fine amount. This regulation is understood to aim at encouraging employers to fulfill their obligations retroactively.

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 2025 tax regulations are the 2025 tax brackets. In this article, we have summarized key topics such as income tax, tax brackets, and how tax brackets are calculated for you.