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What is the penalty for the notice of termination of the work which is forgotten to be submitted?

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What is the penalty for the notice of termination of the work which is forgotten to be submitted?

No termination notice was issued for the person who left the work in 2014. The termination of work is indicated in the monthly premiums and service document. The new penalty came to the company. Can I make termination transactions retrospectively as end of July 2014?

The administrative fine is imposed on the rate of one-tenth of a minimum wage per employee with social security insurance, if the termination of employment is not submitted within the legal period, pursuant to Article 102 of Law No. 5510.

Also, if the notice is submitted by the relevant persons within 30 days after the legal period has passed and the penalty is paid within 15 days from the day following the notification date, the penalty shall be applied on the amount corresponding to a quarter rate.


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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