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Do we have to pay the allowances to the staff from the bank?

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Do we have to pay the allowances to the staff from the bank?

Our company wants to pay an allowance for food and accommodation expenses of our staff who are sent abroad by duty. Since it is difficult to use a bank account abroad, we want to pay our staff in cash if possible. We kindly request your opinion on the matter.

Allowances are recognized as salaries. They must be paid through the bank. The employees open a currency account in Turkey and the allowances are deposited to those accounts. Employees withdraw the money from the bank and spend it via credit card.

 

 


Source: İSMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


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