26June2018

THE NEW SSI CIRCULARS ANNOUNCED THAT THE EMPLOYERS WILL BE PROVIDED WITH MINIMUM WAGE SUPPORT

In accordance with the provisional article, Article 75 of the Social Security and General Health Insurance Law the amount of Minimum Wage discount has been decided by the Council of Ministers on 09.04.2018. The details of the new amendments announced with the 2018/11668 numbered circulars, dated 09.04.2018 are listed below;

  • The average daily earning taken as basic to premium being 120 TRY or below for the workplaces incorporated prior to 2018 and the workplaces incorporated as of 2018 will multiply the employees working days with 3.33 will be the benefited amount of minimum wage.
  • For the privately-owned workplaces that apply collective employment contracts within the scope of the Law numbered 6356 on Trade Unions and Collective Bargaining Agreements, the average daily earning taken as basic to premium being 180 TRY will be the benefited amount of minimum wage. In addition, for the workplaces incorporated as of 2018 will multiply the employees working days with 3.33 will be the benefited amount of minimum wage.

The significant section on the announced circulars is; the employers / workplaces do not have to submit an application to benefit from such provisional incentive. The amount to be benefited within the scope of the application of the announced circular shall be offset from the monthly premium payments. As an offset of the benefit is to be applied, the relevant amounts calculated for the months of January, February, March and April 2018 are able to be deducted from May 2018 premium payments.

Written by Selma Kıy, Posted in Social Security Law and Regulations, Taxation Law

  • 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

Selma Kıy

CPA, Managing Partner
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