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Legislation - CottGroup Holistic Business Services

07February2024

2024 Minimum Wage Support

The 2024 minimum wage support has come into force with the Law No: 7417 published on the Official Gazette dated 03 February 2024 and numbered 32449.

Based on that, in case that all conditions are met, the minimum wage support will be automatically deducted from the social security premium payments on the upcoming periods by the Social Security Institution without any application.

Author Erdoğdu Onur Erol, Category Social Security Law and Legislation, Labor Law

29January2024

2024 I. Period Travel Expense Amounts Exempt From Income Tax

In accordance with the letter of the Ministry of Treasury and Finance, General Directorate of Public Financial Management and Transformation dated January 5, 2024 and numbered 27998389-010.06.02-2774790, the expense limits exempt from income tax for the period of January 1, 2024 – June 30, 2024 has been announced.

The Tax-Exempt Amounts of Domestic Travel Expenses

The tax-exempt amounts of domestic travel allowances for the period of January 1, 2024 and June 30, 2024 are as below:

Author Erdoğdu Onur Erol, Category Taxation Law

24January2024

Monetary Limits for Announcements of Sales to be Made Pursuant to the Execution and Bankruptcy Law Updated

Communiqué on Updating the Monetary Limits Regarding the Announcements of Sales to be Made Pursuant to the Execution and Bankruptcy Law was published in the Official Gazette numbered 32438 on January 23, 2024.

With the related Communiqué, the monetary limits in the third paragraph of Article 12 of the Regulation on the Procedure of Electronic Sales Pursuant to the Execution and Bankruptcy Law published in the Official Gazette dated March 8, 2022 and numbered 31772 ("Sales Procedure Regulation") (In Turkish) were updated by taking into account the PPI rates.

Author Gökşen Bakay, Taylan Ege Günel, Category Turkish Commercial Code

23January2024

The Regulation Amending the Regulation on the Sectors of Labor has been Published

"Regulation Amending the Regulation on the Sectors of Labor" was published in the Official Gazette numbered 32438 on January 23, 2024.

The purpose of the Regulation is to make amendments to Article 4 of the Regulation on the Sectors of Labor, titled "Determination of the line of business to which the workplace belongs".

Author Gökşen Bakay, Taylan Ege Günel, Category Labor Law

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