Section 2 of the Labor Law No. 4857 titled “Employment Contract, Types and Termination” regulates employment contracts and states that employment contracts are exempt from stamp tax.
***
Description and type
Article 8 – An employment contract is a contract whereby one party (the employee) undertakes to perform work dependently and the other party (the employer) undertakes to pay wages. An employment contract is not subject to a special form, unless otherwise provided in the Law.
Employment contracts with a duration of one year or more must be in writing. These documents are exempt from stamp tax and all kinds of duties and fees.
In cases where there is no written contract, the employer is obliged to give the employee a written document within two months at the latest, indicating the general and special working conditions, daily or weekly working hours, basic wage and wage supplements, if any, the wage payment period, the duration of the contract if the duration is fixed, and the provisions that the parties must comply with in case of termination. The provision of this paragraph shall not apply to fixed-term employment contracts whose duration does not exceed one month. If the employment contract is terminated before the expiration of the two-month period, this information must be given to the employee in writing at the latest on the date of termination.
Source: Turkşsh Labor Law No.4857
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.
