Premium Payment – Muhasebe News

Can premium payments made (overdue) in previous periods be stated as a discount, in Turkey?

MuhasebeNews — Fri, 18 Oct 2019 11:00:30 +0000

Can premium payments made (overdue) in previous periods be stated as a discount, in Turkey?

According to the provisions of Articles 63 and 89 of the Income Tax Law, no deductions can be made even if there are premiums and insurance policies which have not been paid. It is not possible to deduct in the determination of the tax base of the period in which the payment is related by correcting the premium payments made in the previous periods.

Source: GİB
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.

Which Foreigners Don’t Have To Pay SSI Premium in Turkey?

MuhasebeNews — Mon, 25 Sep 2017 11:00:34 +0000

Based on the Rule of Reciprocity, the foreigners who are citizens of a country that made an international social security pact and who prove that their ssi premiums are being paid in their own country are exempted from social security obligations in Turkey until the foreseen dates stated in the pacts.

Source: Ministry of Labor and Social Security

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.

If an Employer Dismisses Employee by Claiming that Employee Disobeys Good Will and Ethics, Is He Supposed to Pay Seniority Indemnity in Turkey?

MuhasebeNews — Sat, 17 Jun 2017 10:38:00 +0000

Employee has no right to get seniority indemnity. Because in repealed article 14 of the Labor Law numbered 1475, if employer terminates labor agreement because of reasons stated in clause II of the article 25 of the Law numbered 4857, he/she should pay seniority indemnity to the employee.

Article 14 of the Labor Law numbered 1475 – If labor agreement of employees who are subjected to this law is terminated;
1. Because of reasons except from ones stated in clause II of article 17 of this Law;
2. (By the employee) in accordance with article 16 of this Law;
3. Because of military service;
4. Because of old age, retirement or disabled pension or in order to get lump sum payment from their own legal institutions and funds;
5. If an employee leaves his/her job willingly, by fulfilling insurance period and days for premium payment in order to get old age pension according to some conditions except from estimated ages; and if a woman willingly terminates her labor agreement within one year after the date of marriage or an employee passes away, the employer should pay seniority indemnity for each year, during when labor agreement has been active since the beginning of the employment. That amount should be 30-day fee for each year.

Article 25 of the Labor Law numbered 4857 – (II) – The situations and similar conditions that are against good will and ethics are indicated below;
a) When employee misleads his/her employer by telling nonrealistic data and words, by claiming that he/she has required qualifications for the important issues of the business even though he/she does not possesses required qualifications.
b) When employee says or acts against one of employer’s family members’ honor and reputation or gives unfounded notification and defames his/her employer.
c) When employee abuses another employee(s) in the office.
d) When employee teases his/her employee or one of employer’s family members or other employee(s) and when employee come at work woozily or by getting drugged and when he/she uses these kinds of drugs.
e) When employee acts against integrity and loyalty, like breach of faith, robbery, revealing employer’s trade secrets.
f) When employee commits a crime in the office and receives imprisonment more than 7 days (however, the sentence shouldn’t be postponed.)

Source: Labor Law

If an Employee Leaves his Job in Order to Receive Lump Sum Payment, Will He/She Have a Right to Get Seniority Indemnity in Turkey?

MuhasebeNews — Tue, 13 Jun 2017 07:46:15 +0000

1- WHAT IS LUMP SUM PAYMENT?
Lump Sum Payment: If an insured employee fulfills the age limit that is required for retirement even though he/she cannot fulfill number of days for premium payment and/or insurance period, he/she will not have a right to get pension. In this case, the insured employee may demand his/her premium payments as a lump sum payment.

2- IN CASE OF THE DEATH OF AN INSURED EMPLOYEE, TO WHOM SHOULD LUMP SUM PAYMENT BE MADE?
In case of the death of insured employee, lump sum payment should be made to beneficiaries if employee’s beneficiaries do not have a right to get widow’s pension because insured employee does not fulfill number of days for premium payment and/or insurance period.

3- IN AN EMPLOYEE LEAVES HIS JOB IN ORDER TO RECEIVE LUMP SUM PAYMENT, WILL HE/SHE HAVE A RIGHT TO GET SENIORITY INDEMNITY IN TURKEY?
If an employee leaves his job in order to receive lump sum payment, he/she will have a right to get seniority indemnity.

Because it is considered that it is a valid reason to leave the job in order to receive lump sum payment in line with article 14 of the Labor Law numbered 1475.

Source: Labor Law

Do Not Forget! – This is the Last Day!

MuhasebeNews — Tue, 02 May 2017 09:00:27 +0000

02 May 2017 Tuesday – DO NOT FORGET! – THIS IS THE LAST DAY!

1- IT IS THE LAST DAY TO SUBMIT DECLARATIONS! – 02 MAY 2017
1.1- Corporate Tax Return for 2016
1.2- BABS Reports for April 2017
1.3- “Declaration Related to Associating Taxpayer Identification Number with SSI Employer Registration Number” (Appendix-8)

2- TODAY IS THE DUE DATE! – 02 MAY 2017
2.1- 2017-March SSI (4/a) Premium Payment
2.2- 2017-March SSSC (the Social Security Support Contribution) Payment (Labored Retirees)
2.3- 2017-April Premium Payment for Social Security Organization for Artisans and the Self-Employed (4/b)
2.4- Corporate Tax Payment for 2016