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Legislation

Legislation - CottGroup Holistic Business Services

06July2020

2020 2nd Period - Maximum Severance Payment Amount

According to the 27998389 - 010.06.02. 368870 numbered Circular published by the Ministry of Treasury and Finance with the subject 'Financial and Social Rights', the coefficients used to calculate the wage of a public officers have been revised effective 01.07.2020.

Income Tax Exempted Severance Pay

The following values have been calculated taking these coefficients into account and shall be applied for the period between the dates of 01.07.2020 – 31.12.2020 maximum severance pay to be exempted from income tax is determined as 7.117,17 TL.

To access the full circular in which these announcements were made, please click here. (Please also be advised that the contents of this circular are in Turkish language.)

Written by Erdoğdu Onur Erol, Posted in Taxation Law, Labour Law

03July2020

Approval for the Social Security Treaty Between Kyrgyz Republic and the Republic of Turkey

Social Security Agreement between the Republic of Turkey and Kyrgyz Republic that was signed on 9 April 2018, has been approved by Turkey President. The approval decision has been published on the Official Gazette dated 3 July 2020, numbered 31174.

Written by Erdoğdu Onur Erol, Posted in Social Security Law and Legislation

30June2020

Short-Term Employment & Employment Guarantee Period Extension

Due to Covid-19, short-time working allowance was extended by 1 month for workplaces where short-term work was carried out.

In addition, the temporary employment guarantee period was extended by 1 month.

According to the decision, a short working period can be extended for the same employees who have previously benefited from short work and without exceeding the same conditions without the need for a new application and determination of conformity.

The decision regarding the extension of the short working period was published in the Official Gazette dated 31 June, No. 30, 2020. Decision text is as follows:

Written by Erdoğdu Onur Erol, Posted in Social Security Law and Legislation

23June2020

Deadlines For VERBIS Registration Have Been Extended

According to the decision of the Turkish Personal Data Protection Authority ("KVKK") dated 23.06.2020 numbered 2020/482, the deadlines for registration obligation to Data Controllers' Registry Information System ("VERBIS") have been extended.

With the relevant decision, it has been concluded that,

  • For natural and legal person data controllers with more than 50 employees annually or a financial balance of more than 25 million TL annually, the deadline for fulfilling VERBIS registration and declaration obligation to Registry to be extended to 30.09.2020,
  • For natural and legal person data controllers resident abroad, the deadline for fulfilling VERBIS registration and declaration obligation to Registry to be extended to 30.09.2020,
  • For natural and legal person data controllers with less than 50 employees annually and a financial balance of less than 25 million TL annually, and whose main activity is sensitive personal data processing, the deadline for fulfilling VERBIS registration and declaration obligation to Registry to be extended to 31.03.2021,
  • For public institutions and organizations the deadline for fulfilling VERBIS registration and declaration obligation to Registry to be extended to 31.03.2021,

Written by Şeyma Nur Kaplan, Posted in Personal Data Protection Law

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