As known, the short-term employment period expires as of March 31, 2021 (The deadline for cash wage support/pandemic unpaid leave and termination ban is on March 17, 2021).

Accordingly, it is necessary to recall the issue of social security and income tax declarations of employers' payments as a support in the short-term employment period.

Social Security Premiums

Per the Article 80 of the Law No. 5510;

"Earnings subject to premium for insurance holders under item (a) of paragraph one of Article 4 shall be determined as follows.

a) In the calculation of earnings subject to premium, a gross total of;

According to the recent amendments on the Law, the opportunity to benefit retrospectively from premium incentives, supports, and discounts that were not utilized on time is eliminated.

The draft statement is as below:

ARTICLE 27 - The first paragraph of the additional article 17 of the Law No.5510 has been changed as below.

"The premium incentives, supports and discounts provided by this Law or other laws for the months / periods that were not utilized cannot be utilized retrospectively, and the premium incentives, supports and discounts that were used cannot be changed with another premium incentive, support and discount."

Based on this, employers can check whether they utilized their incentives in the previous periods, and take the necessary actions immediately to benefit from them.

Each year, the rent income that individuals earn is declared through the Annual Income Declaration within March. The declarations for 2020 income should be submitted until March 31, 2021. The types of income that are within the scope of GMSI except for the rental income, are stated in the Income Tax Law Number 70.

In order to declare the rental income, the lump sum expense method and real expense methods are implemented. After deducting the amount of exception from the rental income, 15% of the remaining amount can be deducted against actual expenses. Lump sum expense method is not applicable for lease of rights. Information is only provided for rental income from residental and commercial places in the table below. For further detailed information, please contact your customer representative or an expert.

With the Presidential Decree dated February 24, 2021 and numbered 3579; per the second paragraph of Article 81 of the Law No. 5510, the additional 6-points incentive to be applied over the social security lower base is extended until 31.12.2021.

Per the Article 81/i of the Law No. 5510, the below conditions are required to benefit from this incentive: