Amendment To The Regulation on Effecting of Wages And Similar Payments Via Banks
The Regulation on Payment of Wages, Premiums, Bonuses and All Kinds of Remunerations Qualifying As Such Via Banks, published in the Official Gazette dated 18 November 2008 and no. 2705818, stipulated that, in the event of the number of people employed under Labor Law, Maritime Labor Law and Press Labor Law being 10 and higher, all kinds of payments falling within the scope of the regulation was required to be effected via bank. By the regulation published in the Official Gazette dated 21 May and no. 29718, the limit of number of people that was 10 was updated as 5. In addition, "Bank" and "Account" terms were redefined in the new regulation.
The said amendments will take effect on 1 June 2016.
Former and new versions of the amended articles are contained in the following table. Click for Turkish full text of the regulation published in the Official Gazette.
Subject | Former Version | New Version |
Number of Employees |
Payments effected to a journalist working subject to the Law no. 5953
|
Payments effected to a journalist working subject to the Law no. 5953
|
Payments effected to a worker other than a journalist, employed at newspapers and periodicals, news and photo agencies
|
Payments effected to a worker other than a journalist, employed at newspapers and periodicals, news and photo agencies
|
|
Payments effected to a seaman working subject to the Maritime Labor Law
|
Payments effected to a seaman working subject to the Maritime Labor Law
|
|
Payments effected to a worker working subject to the Labor Law
|
Payments effected to a worker working subject to the Labor Law
|
|
Definitions of Bank and Account |
Definitions
ç) Account: means the demand deposit account opened with deposit banks or the private current account opened with participation banks, |
Definitions
ç) Account: means the account opened with the Banks covered by the Law no. 5411, |
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Notification!