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How many types of work permits are there in Turkey?

MuhasebeNews — Wed, 10 Apr 2019 14:40:16 +0000

How many work permits are there according to the law?

There are 3 types of work permits.

1- Temporary Work Permit

Unless otherwise provided in the bilateral and multilateral agreements that Turkey is a party of, the work permit is provided for a year at most depending on the situation of the labor market, developments in the business life, the sectorial and cyclical changes regarding employment, the period of the residence permit and employment contract of the foreigner.

After a year, this period may be extended up to 3 years upon request on condition that the employment is in the same profession and employer. Following the completion of the 3-year period, it may be extended up to 6 years on condition that the employment is in the same profession (the employer may be different this time.)

2- Permanent Work Permit

Permanent work permits, unless otherwise stipulated by bilateral or multilateral agreements, are granted to foreigners who have been in Turkey as legal residents for at least eight years without interruption and as worker for at least six years, without considering the situation of the labor market, developments in the business life and being limited to a specific business, profession, landed property or a geographical area.

3- Independent Work Permit

Foreigners to work independently are given work permit on condition that they have been legal workers and residing in Turkey without interruption for 5 years.

Work permits in exceptional situations; Unless otherwise provided in the bilateral and multilateral agreements that Turkey is a party of, the foreigners listed in Article 8 of Law numbered 4817 are given work permit without being subject to the periods stated in the Law.

Source: Yoik
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.

For how many years can we benefit from the discount resulting from the cash capital increase?

MuhasebeNews — Fri, 01 Mar 2019 14:26:10 +0000

For how many years can we benefit from the corporate tax discount resulting from the cash capital increase?

Companies can benefit from the discount resulting from their cash capital increase in addition to their existing capitals, on condition that they do not decrease their capital. There is no time limit to benefit from the discount.

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.

How many days after the service should an invoice be issued?

MuhasebeNews — Wed, 05 Dec 2018 10:00:34 +0000

I’ve been managing an office since 2012 as an INDEPENDENT BUSINESS. As you know, RECEIPT BASIS is valid for self-employment, so I’m writing self- employment receipts when I get my payments. But I’m thinking of turning into a Limited Company soon. In this case, am I required to draw up an invoice within 7 days for the payments that are not made? Or is it still okay if I invoice them when the payment is made? If I’m required to do so now, I have to pay tax for the payments I haven’t received…

As you know for commercial earnings, tax occurs through Accrual.

In accordance with Tax Procedure Law Article 231/5, Service bill is issued within 7 days. (7 days are calculated according to date specified for the receipt in the contract.)

Source: İSMMMO
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.

Within how many days are we required to register the foreign employee, for whom we have obtained a work permit, for insurance?

MuhasebeNews — Wed, 05 Dec 2018 08:00:23 +0000

Regarding the statement of employment of the emloyee for whom a work permit has been obtained, the work permit has been approved. The date of the work permit is 26/11/2018. It was delivered to us by cargo. I will make a statement of employment. Normally, the registration is made a day before the starting day of employment. What is the case for this situation? Am I going to write the start date of employment as 26/11/2018 or is there an exception? Can the Social Security Institution fine us because of the start date of employment?

Date of Work Permit : 26/11/2018
Date of Notification : 30/11/2018
Start Date of Employment : Is it 26/11/2018 or should it be a day before the start day of employment? For example, if I start the employment on 04/12/2018, should I register it as 03/12/2018?

It is mandatory to apply to a provincial directorate of security to get an employment annotated residence permit within 30 days at the very latest as of the day when the foreign nationals obtained their work permit documents. The provincial directorate of security gives the residence permit within 15 days (residence permits which are not received by hand within a month are cancelled as of the start date)
Within 45 days as of the start date of work permit written on the document, in the case when the date of notification of the work permit document to the employer and the date of work permit are different, the proclamation will be regarded as it was given within the legal period if the employer gives the statement of employment of the insured to the Institution within 45 days after the work permit document is notified to the employer.

How many VAT Declarations are there?

MuhasebeNews — Wed, 14 Feb 2018 15:18:06 +0000

The names and the aims of Vat declarations are above mentioned.

VAT Declaration Number One
The ones’ whose liabilities are in the scope of the real taxation system, they will declare their situation to the tax office.

VAT Declaration Number Two
This declaration has to be given by tax responsible.
Exemplum: The ones who attain services from abroad and have to cut off their purchase, have to give this declaration.

VAT Declaration Number five
This declaration is given in the auction sales by enforcement offices, sales officers of the court, and by the ones who are liable to real taxation.

Source: Vat Legislation

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.