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18Temmuz2016

Service Rewards That Will Be Considered As SSI Premiums

SERVICE REWARDS THAT WILL BE CONSIDERED AS SSI PREMIUMS

The Social Security Institution’s 2016/12 numbered notice has been published and entered into the force as of 22.06.2016.

By examining Article 80 of the Social Security and General Health Insurance Law numbered 5510 titled “Earnings Subject Premiums”, the notice has brought clarity to the topic of which benefits cannot be treated as benefits in kind.

As a result of the evaluations and examinations of the article, gold that is given by an employer to an employee for reasons including but not limited to celebrating religious holidays, New Year’s Day, or in the event of the employee’s seniority, cannot be considered as an in kind benefit and will be subject to social security premiums as indicated in the notice.

The full text of the relevant notice can be viewed here.

Yazar CottGroup Hukuk ve Mevzuat Ekibi, Kategori Social Security Law and Legislation

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    CottGroup® member companies do not guarantee that the information in the article is accurate, up-to-date, or complete and are not liable for any damages that may arise from errors, omissions, or misunderstandings that the information may contain.

    The information presented here is intended to provide a general overview. Each specific case may require different assessments, and this information may not be applicable to every situation. Therefore, before taking any action based on the information provided in the article, it is strongly recommended that you consult a competent professional in the relevant fields such as legal, financial, technical, and other areas of expertise. If you are a CottGroup® client, do not forget to contact your client representative regarding your specific situation. If you are not our client, please seek advice from an appropriate expert.

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