Open menu
08July2021

Termination Codes for the Additional Employment Incentive

Termination Codes for the Additional Employment Incentive

Social Security Institution has published a General Letter to explain the details regarding the termination codes, which causes a refund of the additional employment incentives (with No. 7256) to the Social Security Institution from the employers with interest.

Per that General Letter, the incentive amounts with regards to Law No. 7256 would need to be refunded back to the Social Security Institution along with interest if the termination takes place with the below termination codes:

1- End of the employment contract during probation period by the employer

4- End of the indefinite employment contract by the employer

5- End of the definite term employment contract

15- Collective dismissal of employees

17- Closing of the workplace

19- End of season

20- End of campaign

22- Other reasons

25- Termination of the employment contract due to immoral, dishonorable, or malicious conduct or other similar behaviors of the employer by the employee

34- Termination because of transferring of the workplace, changing of the work or the workplace qualification

The employers would need to employ the new hires who are employed under incentive No. 7256 with a duration that is equal to the period of time that the employer benefits from that incentive.

You can reach the related SSI General Letter via the link.

Should you have any queries or need further details, please contact your customer representative.

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

  • Notification!

    Contents provided in 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 without credit being given to the source is strictly prohibited. Regardless of having all the precautions and importance put in the preparation of this article, CottGroup® and its 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.

    Please consult your client representative if you are a customer of CottGroup® or consult a relevant party or an expert prior to taking any action in regards to the above content.

About The Author

This website is using cookies.
In this website, we use cookies to develop your user experience, obtain efficient work and track statistical data. You are agreeing to our use of cookies by browsing our website. Please review Çerezler (Cookies) page for detailed information of how we manage the cookies. This choice is valid for 30 days until you delete the cookies in your web browser.
x