employees – Muhasebe News https://www.muhasebenews.com Muhasebe News Wed, 06 Feb 2019 13:49:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 Should we include employee’s off days when calculating the severance pay? https://www.muhasebenews.com/en/should-we-include-employees-off-days-when-calculating-the-severance-pay/ https://www.muhasebenews.com/en/should-we-include-employees-off-days-when-calculating-the-severance-pay/#respond Wed, 06 Feb 2019 13:49:48 +0000 https://www.muhasebenews.com/?p=46104 Should we include an employee’s off days when calculating the severance and notice pay? For example, an employee who has been working in the office takes maternity leave for 112 days. She then takes unpaid leave for 6 months. Should we calculate the actual service period of 4 months or the total period including the off days?

 

Within this regard, apart from the other unpaid leaves, if s/he takes an unpaid leave again, the payments won’t be divided into 365 to find the daily amount of the nonwage payments (e.g bonus, premium.) The provision ‘’…the period during which the employment contract is suspended should not be included in the severance period. For example, the period of unpaid leave is not taken into consideration in terms of the base period…’’  takes place in the Decisions of Supreme Court 9th Chamber [5].

 

 

 

 

 

 

 

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.

]]> https://www.muhasebenews.com/en/should-we-include-employees-off-days-when-calculating-the-severance-pay/feed/ 0 In accordance with the regulation regarding the number of employees subject to compulsory individual pension system, do we also have to include the employees who have bağkur? https://www.muhasebenews.com/en/in-accordance-with-the-regulation-regarding-the-number-of-employees-subject-to-compulsory-individual-pension-system-do-we-also-have-to-include-the-employees-who-have-bagkur/ https://www.muhasebenews.com/en/in-accordance-with-the-regulation-regarding-the-number-of-employees-subject-to-compulsory-individual-pension-system-do-we-also-have-to-include-the-employees-who-have-bagkur/#respond Wed, 26 Dec 2018 16:00:36 +0000 https://www.muhasebenews.com/?p=42530 Regarding the compulsory individual pension system (CIPS) starting on 01.01.2019, do we have to include the employer when calculating the compulsory number of months for November  if we are a private company? Or should we count it as 4 people with SII (Social Security Institution) + 1 person with Bağkur (social security organization for artisans and the self-employed). Or should we only look at the number of employees with SII?
 (19.12.2018 )

 

4a employees are considered when calculating the number of employees who will benefit from CIPS.

 

 

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.

]]> https://www.muhasebenews.com/en/in-accordance-with-the-regulation-regarding-the-number-of-employees-subject-to-compulsory-individual-pension-system-do-we-also-have-to-include-the-employees-who-have-bagkur/feed/ 0 What are the Social Security Institution (SSI) incentives for new employees to be employed in companies in manufacturing, information and other sectors? https://www.muhasebenews.com/en/what-are-the-social-security-institution-ssi-incentives-for-new-employees-to-be-employed-in-companies-in-manufacturing-information-and-other-sectors/ https://www.muhasebenews.com/en/what-are-the-social-security-institution-ssi-incentives-for-new-employees-to-be-employed-in-companies-in-manufacturing-information-and-other-sectors/#respond Thu, 13 Dec 2018 15:30:11 +0000 https://www.muhasebenews.com/?p=41568 Due to employment within the scope of Provisional Article 19 of Law Numbered 4447, for how many months can we benefit from the retroactive incentive on premium on December 2018? If we benefit from the retroactive incentive on premium, can we also benefit from the retroactive incentive on income tax on the withholding tax declaration of November 2018?
(12.12.2018)

 

Provisional Article 19 was added to the Unemployment Insurance Law Numbered 4447 and it is stated in the said Article that; ‘’Premium support is provided to employers from the Fund and it will be deducted monthly from all the premiums the employer will pay to the SSI;

-by not exceeding the amount calculated by multiplying the daily gross minimum wage and the number of days that the insured is going to pay premium, in the case where the company operates in the manufacturing or information sector,

-in the total amount of the premiums of the insured and employer’s shares, calculated on the insured person’s income dependent on premium designated in accordance with article 82 of Law numbered 5510,

– in the total amount of the premiums of the insured and employer’s shares, calculated on the lower limit of the insured person’s  income dependent on premium designated in accordance with article 82 of Law numbered 5510, in the case where the company operates in other sectors,

on condition that the employees who are selected among the unemployed that are registered to the Institution and  employed between 01.01.2018 and 31.12.2020 by the private sector employers within the scope of subparagraph (a) of first paragraph of article 4 of Law numbered 5510;

-are not reported to the SSI for 10 days in total during the period of three months before the month they are employed in, within the scope of subparagraphs (a) and (c) of the first paragraph of article 4 of the Law numbered 5510 and

-are not insured within the scope of subparagraph (b) of the first paragraph of article 4 of Lae numbered 5510, except for voluntary insurance,

-are added to the average number of insured in the withholding tax return and premium service declaration or monthly premium and service declarations that were reported by the company they were employed the year before.

 

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.

 

]]> https://www.muhasebenews.com/en/what-are-the-social-security-institution-ssi-incentives-for-new-employees-to-be-employed-in-companies-in-manufacturing-information-and-other-sectors/feed/ 0 Do we have to pay Minimum Living Allowance (MLA) for foreign employees who have work permit? https://www.muhasebenews.com/en/do-we-have-to-pay-minimum-living-allowance-mla-for-foreign-employees-who-have-work-permit/ https://www.muhasebenews.com/en/do-we-have-to-pay-minimum-living-allowance-mla-for-foreign-employees-who-have-work-permit/#respond Thu, 13 Dec 2018 14:30:02 +0000 https://www.muhasebenews.com/?p=41563 Is a taxpayer required to follow the same MLA procedure for foreign people whom he is going to employ by getting them a work permit?
(12.12.2018)

All 4a employees are subject to the same provisions.

 

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.

 

]]> https://www.muhasebenews.com/en/do-we-have-to-pay-minimum-living-allowance-mla-for-foreign-employees-who-have-work-permit/feed/ 0 Finnish Government Reaches 2019 Budget Agreement https://www.muhasebenews.com/en/finnish-government-reaches-2019-budget-agreement/ https://www.muhasebenews.com/en/finnish-government-reaches-2019-budget-agreement/#respond Thu, 13 Sep 2018 07:28:45 +0000 https://www.muhasebenews.com/?p=33994 Finnish Government Reaches 2019 Budget Agreement

A number of incentives have been included in the Finnish Government’s 2019 Budget to encourage investment in the shares of both small and listed companies.

The Budget, agreed by the Government on August 29, directs the Finnish tax administration to draw up guidelines later this year to enable employees to obtain shares in their employer at a lower price than a private investor “without tax consequences.”

It is also proposed that rules be drawn up easing the tax rules surrounding the ownership of stock options by employees of unlisted start-up companies. The aim is that any gains made from holding options will, in general, be taxed as capital income, and the tax paid only when such gains are realized.

The Budget also included plans to introduce a new tax-privileged equity savings account for retail investors, allowing them to invest in listed shares up to a maximum amount of EUR50,000 (USD58,400).

In other measures, the Budget restricts the the deductibility of interest paid on mortgages to 25 percent of the interest.

While the personal income tax burden will remain largely unchanged next year, the Government will ease tax on low income earners by increasing the tax-free allowance, the earned income deduction, and the pension income allowance.

Source: Tax News
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.

 

 

]]> https://www.muhasebenews.com/en/finnish-government-reaches-2019-budget-agreement/feed/ 0 Principles of Banking Ethics https://www.muhasebenews.com/en/principles-of-banking-ethics/ https://www.muhasebenews.com/en/principles-of-banking-ethics/#respond Fri, 17 Mar 2017 07:12:57 +0000 http://www.muhasebenews.com/?p=10624 What is the Surpose and Scope of this Law?
Article 1 – The basic purpose of these Principles of Banking Ethics intended to be applied in all kinds of affairs and relations of banks with each other or with their customers, shareholders and employees, and with other organizations is to assure sustainability of the existing reputation and reliability of banking profession in the public, and to enhance and maintain such reputation and reliability feelings termed as professional dignity, and to protect and maintain stability, consistency and confidence in banking sector. For the purposes of these Principles, the word “bank” refers to the Association-member banks, and the word “Association” stands for both the Banks Association of Turkey and the Participation Banks Association of Turkey.

What are the General Principles?
Article 3 – Not only for the purposes of protecting the rights and interests of savors, and assuring confidence, stability and consistency in fiscal markets, and ensuring effective operation of deposit, credit and payment systems, and preventing transactions and practices which may lead to material damages and losses in economy, but also with a view to supervising the public benefits and social utility and protecting the environment, banks are required to act in tandem with the general principles outlined herein below.
Banks:
(a) Integrity:
Stick to the principle of integrity in all their relations in the course of their operations; and
(b) Neutrality:
Departing from the basic principle of “Respect towards human underlies the success.”, do not ever discriminate among their employees and customers, and refrain from biased behaviors; and abstain from any discrimination of ethnical origin, religion, financial and social status, or sex in provision of their services; and
(c) Reliability:
Provide clear, understandable and accurate information to their customers within the frame of mutual trust in all their services and operations, and perform their customer services timely and completely; and
(d) Transparency:
Keep their customers clearly, understandably and frankly informed about their rights and obligations, and benefits and risks regarding the products and services offered to them; and before giving any product, service or advice, efficiently assess their customers and financial capacity, status and needs of their customers, and offer their products and services accordingly; and
(e) Supervision of Public Benefits, and Respect to Environment:
In all of their activities, do not only target profitability, but also take pains in supporting and sponsoring social and cultural events and activities in the light of the principles of supervision of public benefits and respect to environment; and
(f) Fight against Laundering of Proceeds of Crime and Combat against Financing of Terrorism:
Within the framework of international norms and national applicable laws and regulations, adopt it as an important principle to combat against laundering of proceeds of crime, corruption and similar other acts, and act willingly to cooperate with each other and with other relevant entities and organizations and concerned official authorities, and take the required actions in their own organization, and organize training programs for their personnel;and
(g) Information Abuse:
Take all kinds of measures and actions in order to prevent abuse of insider information of themselves and their customers.

Date: 13 March 2017

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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