Withholding Tax Returns and Social Security Institute Declarations are to be combined: Withholding Tax and Premium Service Return

Pursuant to the “Law on Amendments to Certain Laws for Improving the Investment Environment” as published in the Official Gazette no. 29796 on 09/08/2016, the first steps towards combining the Withholding Tax Return and Monthly Premium & Service Declaration (Social Security Institute (SSI) Declaration) have been taken. The Ministry of Finance Communiqué published in the Official Gazette on 18 February 2017 lays down the details of the implementation of this process.

The Decree-law No. 687 on the Adoption of Certain Regulations under the State of Emergency came in force upon its publication in the 29974 numbered Official Gazette, issued on 02/09/2017.

The following regulations have been introduced by the Decree-law.

The Regulation on Terms and Procedures for the enrolment to the individual pension savings insurance of the employees into a pension plan through their employers was published in the Official Gazette issued on 02 January 2017 under no 29936.

This Regulation intendeds to determine workplaces and employees to be admitted on the pension plan under the policy whereby employees are to be automatically admitted to a pension plan through their employers as well as to set the rate of employee contribution share to be deducted from the wages of the employees and to lay down such terms and procedures to enforce the Regulation.

a. Minimum wage

The decision of the Minimum Wage Determination Commission related to the minimum wage amount applicable in 2017 has been published in the Official Gazette dated 30 December 2016 and numbered 29934.