18July2016

SERVICE REWARDS THAT WILL BE CONSIDERED AS SSI PREMIUMS

SERVICE REWARDS THAT WILL BE CONSIDERED AS SSI PREMIUMS

The Social Security Institution’s 2016/12 numbered notice has been published and entered into the force as of 22.06.2016.

By examining Article 80 of the Social Security and General Health Insurance Law numbered 5510 titled “Earnings Subject Premiums”, the notice has brought clarity to the topic of which benefits cannot be treated as benefits in kind.

As a result of the evaluations and examinations of the article, gold that is given by an employer to an employee for reasons including but not limited to celebrating religious holidays, New Year’s Day, or in the event of the employee’s seniority, cannot be considered as an in kind benefit and will be subject to social security premiums as indicated in the notice.

The full text of the relevant notice can be viewed here.

Written by Fırat Oktürk, Posted in Social Security Law and Regulations

  • Notification !

    Contents provided on this article serve to informative purpose only. The article is confidential and property of CottGroup® and all of its affiliated legal entities. Quoting any of the contents of this notification without credit being given to the source is strictly prohibited. Regardless of having all the precautions and importance is put in the preparation of this article, CottGroup® and member companies cannot be held liable of the application or interpretation of the information provided. It is strictly advised to consult a professional for the application of the above-mentioned subject. Prior to taking any action in regards the above, please consult your client representative if you are a customer of CottGroup® or consult to a relevant party.

About the Author

Fırat Oktürk

Fırat Oktürk
Boss Governance, Payroll and Administrative Affairs Manager
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