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Tag: turkey

Turkey Payroll Outsourcing Alert (Social Security Increases)

Turkey – Social Security Seniority (Severance) Ceiling Amount Increased. Effective from 1 January 2021, the government of Turkey has increased the Seniority (Severance) Ceiling Gross Amount to 7,638.96 TRY. The new amount will be in effect through January 2021 a...

Jan 13, 2021 1 min read
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Turkey Payroll Outsourcing Alert (2021 Tax Parameters)

Turkey – SSI and Tax Payroll Parameters for 2021. Effective from 1st of January 2021, the government of Turkey has increased the Social Security Minimum Wage Amount to 3,577.50 TRY Gross and 2,825.90 TRY Net for single employees. The monthly SSI Ceiling Amount h...

Jan 12, 2021 2 min read
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Turkey Payroll Outsourcing Alert

Turkey – COVID-19 Relief Measures Extended In accordance with the Presidential Decree No. 2810, a number of the COVID-19 related reliefs, there were set to expire on 31 July 2020, have been extended through 31 August 2020. Accordingly, the COVID-19 related sh...

Aug 16, 2020 1 min read
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Turkey Payroll Outsourcing Alert

Turkey – Social Security Seniority (Severance) Ceiling Amount Increased Effective from 1 July 2020, the government of Turkey has increased the Seniority (Severance) Ceiling Gross Amount to 7,117.17 TRY. The new amount will be in effect through July 2020 and will...

Jul 8, 2020 1 min read
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Combined Tax Declaration Forms Postponed in Turkey

Turkey – Rollout of a Combined Tax & Social Insurance Declaration Form Postponed In accordance with the law published in the Official Gazette No. 29796 on August 9, 2016, Income Tax Withholding Declaration and Social Security Insurance (SSI) Premium and Servic...

Apr 8, 2020 1 min read
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Enforcement Proceedings Suspended in Turkey

Turkey – Enforcement and Bankruptcy Proceedings Suspended. In response to the COVID-19 outbreak, effective from March 23, 2020, all enforcement and bankruptcy proceedings, except the enforcement proceedings related to alimony and child support, have been suspended...

Mar 30, 2020 1 min read
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Financial Relief Measures in Turkey

Turkey – Financial Relief Measures Announced in Response to COVID-19 Pandemic. In response to the COVID-19 pandemic, the President of Turkey has announced the following financial relief measures: The period for offering compensatory work in lieu of forced unp...

Mar 30, 2020 1 min read
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Social Security Parameters in Turkey

Turkey Payroll Outsourcing Alert - Social Security Payroll Parameters for 2020 Turkey payroll outsourcing leader issues a statutory alert for Turkey. Mercans has alerted its Turkey payroll outsourcing clients of Social Security Parameters related changes. Effecti...

Jan 21, 2020 2 min read
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Seniority (Severance) Increased in Turkey

Tukey Payroll Outsourcing Alert - Social Security Seniority (Severance) Ceiling Amount Increased Turkey payroll outsourcing leader issues a statutory alert for Turkey. Mercans has alerted its Turkey payroll outsourcing clients of Social Security Seniority (Severa...

Jan 19, 2020 1 min read
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Tax Declarations Changed in Turkey

Turkey Payroll Outsourcing Alert - Changes to Income Tax Withholding and Social Security Insurance Contributions Declaration Process Introduced Turkey payroll outsourcing leader issues a statutory alert for Turkey. Mercans has alerted its Turkey payroll outsourci...

Jan 13, 2020 1 min read
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40% Top Tax Bracket Introduced in Turkey

Turkey Payroll Outsourcing Alert - New 40% Top Tax Bracket Introduced Turkey payroll outsourcing leader issues a statutory alert for Turkey. Mercans has alerted its Turkey payroll outsourcing clients of new 40% top tax bracket has been introduced. Effective from ...

Jan 13, 2020 1 min read
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Transportation Exemption in Turkey

Turkey Payroll Outsourcing Alert - Transportation Allowance Exempted From Income Tax Turkey payroll outsourcing leader issues a statutory alert for Turkey. Mercans has alerted its Turkey payroll outsourcing clients of transportation allowance exemption related ch...

Jan 13, 2020 1 min read
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Turkey Payroll Outsourcing News

Industry disruptive Turkey Payroll Suite upgrade launched Turkey payroll outsourcing provider Mercans rolled out the latest versions of its cutting-edge payroll outsourcing software. The new version of HR blizz Global Payroll Suite (hrblizz.net) builds on Mercans’...

Jul 6, 2018 3 min read
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