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Annual Tax Declaration Obligation of Employees For 2020

Annual Tax Declaration Obligation of Employees For 2020
Annual Tax Declaration Obligation of Employees For 2020
Annual Tax Declaration Obligation of Employees For 2020

According to the general communiqué no: 311 which has been published by the Revenue Administration Directorate on 27.05.2020 explanations regarding taxation of salaries are as follows:

Taxation and declaration of salary income received from single or multiple employers

Taxed by stoppage;

a) In case of total income amount of taxpayers, who receive salary income from a single employer, exceeds the amount indicated in the fourth income bracket (600.000 TL for 2020) of the tariff written in the 103rd article,

b) In case of total income amount of taxpayers, who receive salary income from more than one employer, exceeds the amount indicated in the fourth income bracket (600.000 TL for 2020), including the income received from primary employer,

c) In case of taxpayers’, who receives income from more than one employer, total income received from the secondary employers exceeds the amount in the second income segment of the income tax tariff (49.000 TL for 2020),

salary incomes will be declared with annual declaration.

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Security of Smart Device

Security of Smart Device

Could It Be That Your Work Calls Are Being Tapped?

Coronavirus (Covid-19), which has become the common agenda of everyone all over the world, also impacted the business world from various points. Most companies have shifted to remote working with consideration of both the health of their employees and to help prevent further spread of the virus. So, how well are employers and employees are aware of the risks that remote working can lead to in terms of companies' privacy, security and confidentiality processes?

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Short Term Employment Allowance

Short Term Employment Allowance

Short Term Employment Allowance is an application that enables employees to receive allowance from İŞKUR (Turkey Employment Agency) for the period they are not working, due to temporary reducing or ceasing of working hours in the workplace. The allowance is granted to the workplaces upon their applications for the period of 3 months. However, with a Presidential Decree, the period can be extended up to 6 months.

  • Employer shall determine how long the activities in a workplace will be reduced. The activities shall be reduced in 1/3, at the minimum.
  • To benefit from the Short Term Employment Allowance, the employer shall prepare the application forms, employee lists and company documents along with applicable petitions.
  • Applications of short time working are submitted by the employers to the registered İŞKUR’s email address with the application file. Submitting the documents in person is not necessary.

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Due to the Covid-19 Coronavirus pandemic to secure the health of our employees our business operations are held remotely until further notification. CottGroup® will have its business processes carried out efficiently and smoothly thanks to our BCP plans and strong technological infrastructure. As always, our customers and business partners will be able to reach us via our phones and e-mails.