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Can You Cut Back on Seniority Indemnity in Turkey?

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1- CAN YOU CUT BACK ON SENIORITY INDEMNITY?
Stamp tax can be cut back on seniority indemnity, there is no any other cut on it.

2- DOES 30-DAY FEE PAID FOR EACH YEAR INCREASE IN SENIORITY INDEMNITY?
30-day fee paid for each year may increase in seniority indemnity. In article 14 of the Labor Law numbered 1475, it is clearly stated that 30 day period of time related to seniority indemnity can go in worker’s favor with labor agreements and collective labor agreements.

Source: Labor Law

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

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