salary – Muhasebe News

Should people who receive salaries from more than one employer during the year and exceed the income tax bracket submit an income tax return? (In Turkey)

MuhasebeNews — Thu, 24 Oct 2019 11:00:55 +0000

Should people who receive salaries from more than one employer during the year and exceed the income tax bracket submit an income tax return? (In Turkey)

In 2016, an employee with social security received net salary in the amount of TRY 4,732,53 in a company from 01.01.2016 to 31.08.2016. Then the person with social security left the job and received net salary of TRY 7.022.57 in another workplace from 01.09.2016 to 31.12.2016. A letter came from the tax office stating that the employee didn’t submit an income tax return in order that he/she worked in more than one employer. What should we do now?

The determination of the tax office is correct. You must submit your annual Income Tax Return for 2016 at the end of the Regret or Statutory term.

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.

Is it mandatory to pay the salaries via bank in a ship that employs 9 seamen?

MuhasebeNews — Wed, 26 Jun 2019 15:20:08 +0000

Is it mandatory to pay the salaries via bank in a ship that employs 9 seamen?

It is not mandatory to pay the salaries via bank if the ship has 9 seamen.

In accordance with Article 8 of the Regulation regarding Payment of Salaries, Premiums, Bonuses and All Kinds of Similar Remunerations via Banks, it is mandatory for employers or employer representatives who employ 10 seamen to pay the salaries through banks.

Source: Ministry of Labor and Social Security
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.

If a journalist works on national holidays, general holidays and the weekends, how is their salary paid?

MuhasebeNews — Tue, 14 May 2019 15:23:02 +0000

If a journalist works on national holidays, general holidays and the weekends, how is their salary paid?

In accordance with Law, when a journalist works on national holidays, general holidays and the weekends, the work is considered extra work. The fee for each hour of extra work shall be 50% more of the normal hourly fee.

How can a Person Pension from France?

MuhasebeNews — Wed, 11 Oct 2017 08:00:37 +0000

1- WHAT IS ADDITIONAL PENSION FUND RECEIVED FROM FRANCE?
In France, a person gets “additional pension fund” apart from Additional Pension Institutions’ retired pay on which they depend mandatorily during their businesses and on which their offices depend. Required age limit is the same as retired pay age limit.

2- IS IT POSSIBLE TO PUT WIDOW/WIDOWER ON SALARY IN CASE OF THE DEATH OF HIS/HER SPOUSE?
In case of the death of an insured, it is possible to put his/her spouse on salary from fifty-five years of age upward. If the spouse of an insured passed away before 01.07.1996, it is possible to put his/her spouse on salary from fifty years of age upward. If there is at least two dependent children or disablement, it does not require age limit.

3- WHAT SHOULD BE DONE IN ORDER TO RECEIVE ADDITIONAL PENSION FUND AND WIDOW’S PENSION?
In order to receive additional pension fund and widow’s pension; the insured or the rightholder should directly apply to Caisse de retraite complémentaire, which is a retirement institution when they are in France. Application forms can be provided from Turkish institutions or via internet.

***When Turkish citizens send their related documents to Turkish Consultancy, those documents are sent to the related French institutions.

Source: SSI

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.

What are the Consequences of Termination of Labor Agreement Without a Valid Reason according to Turkish Laws?

MuhasebeNews — Tue, 10 Oct 2017 13:00:10 +0000

In article 21 of the Labor Law no. 4857, the consequences of termination of labor agreement by the employer is stated below:

– If the court or the arbitrator concludes that the termination is unjustified because no valid reason has been given or the alleged reason is invalid, the employer must re-engage the employee in work within one month. If, upon the application of the employee, the employer does not re-engage him in work, compensation to be not less than the employee’s four months’ wages and not more than his eight months’ wages shall be paid to him by the employer.
– In its verdict ruling the termination invalid, the court shall also designate the amount of compensation to be paid to the employee in case he is not re-engaged in work.
– The employee shall be paid up to four months’ total of his wages and other entitlements for the time he is not re-engaged in work until the finalization of the court’s verdict. If advance notice pay or severance pay has already been paid to the reinstated employee, it shall be deducted from the compensation computed relevantly. If term of notice has not been given nor advance notice pay paid, the wages corresponding to term of notice shall also be paid to the employee not re-engaged in work.
– For re-engagement in work, the employee must make an application to the employer within ten working days of the date on which the finalized court verdict was communicated to him. If the employee does not apply within the said period of time, termination shall be deemed valid, in which case the employer shall be held liable only for the legal consequences of that termination.

Source: Article 21 of the Labor Law no. 4857

How much of a Salary Can be Sequestrated or Assigned and Transferred to Somebody Else?

MuhasebeNews — Mon, 12 Jun 2017 08:34:42 +0000

1- HOW MUCH OF A SALARY CAN BE SEQUESTRATED OR ASSIGNED AND TRANSFERRED TO SOMEBODY ELSE?
According to article 35 of the Turkish Labor Law numbered 4857, it is clearly stated that it is not possible to sequestrate or assign and transfer more than ¼ (one quarter) of an employee’s salary (excluding alimony).

2- WHAT IS THE RESPONSIBILITIES OF AN EMPLOYER ABOUT THE EXECUTION FILE OF AN EMPLOYEE?
Employer is supposed to send a petition about sequestration of an employee’s salary within 7 days after he/she receives this petition; moreover, he/she should state that that deducted amount will be put into Execution Office’s bank account in order to send it to execution file and then send it to Execution Office.

In the respond letter of employer, he/she should confirm that information requested by Execution Office will be shared and the amount deducted from the salary will be put into Execution Office’s bank account every month.

3- IF THERE IS MORE THAN ONE SEQUESTRATION ON AN EMPLOYEE’S SALARY, WHAT SHOULD AN EMPLOYER DO?
If there is more than one sequestration on an employee’s salary, the employer should chronologize them. After previous sequestration(s) ends, the employer should inform that the deducted amount should be put into Execution Office’s bank account.

Source: Labor Law

Trade and Services Indices, I. Quarter: January-March, 2017

MuhasebeNews — Thu, 01 Jun 2017 09:43:09 +0000

Turnover in trade and services sectors increased by 5.1%
Seasonally and calendar adjusted trade and services turnover index increased by 5.1% compared with the previous quarter in the first quarter of 2017. Calendar adjusted trade and services turnover index increased by 14.7% compared with the same quarter of the previous year.

Trade and services turnover index, Quarter I: January – March, 2017
[2010=100]
Employment in trade and services sectors decreased by 0.3%
Seasonally and calendar adjusted trade and services employment index decreased by 0.3% compared with the previous quarter. Calendar adjusted trade and services employment index decreased by 1.4% compared with the same quarter of the previous year.

Trade and services employment index, Quarter I: January – March, 2017
[2010=100]
Hours worked in trade and services sectors decreased by 1.1%
Seasonally and calendar adjusted trade and services hours worked index decreased by 1.1% compared with the previous quarter. Calendar adjusted trade and services hours worked index decreased by 4.4% compared with the same quarter of the previous year.

Trade and services hours worked index, Quarter I: January – March, 2017
[2010=100]
Gross wages-salaries in trade and services sectors increased by 1.9%
Seasonally and calendar adjusted trade and services gross wages-salaries index increased by 1.9% compared with the previous quarter. Calendar adjusted trade and services gross wages-salaries index increased by 5.8% compared with the same quarter of the previous year.

Trade and services gross wages-salaries index, Quarter I: January – March, 2017
[2010=100]
Trade and services indices and the rate of change, Quarter I: January – March, 2017
[2010=100]

If an Employee Does not get a Rise in his/her Salary, Can he/she quit his/her Job by getting Seniority Indemnity?

MuhasebeNews — Wed, 24 May 2017 09:01:40 +0000

CAN AN EMPLOYEE WHO DOES NOT GET A RISE IN HIS/HER SALARY QUIT HIS/HER JON BY GETTING SENIORITY INDEMNITY?
Any kind of rule related to when and how the salaries will be raised is not clearly determined. In legislative regulations about salaries, it is solely indicated that employees cannot be employed with subminimum rate.

Apart from that, provisions on salaries can be specified in labor agreements. If there are no binding provisions in labor agreements, the initiative related to this provision belongs to the employer.

Even though there is no provision about a rise in salary, an employee who quits his/her job because of salary dispute is regarded that he/she resigns, so that he/she will not have a right to indemnity.

Source: Labor Law

What is Fixed Salary?

MuhasebeNews — Wed, 17 May 2017 07:03:41 +0000

1- WHAT IS FIXED SALARY?
When an employee gets his/her full salary even if he/she has compassionate leave (because of sickness or other reasons), his/her salary will be regarded as fixed monthly salary.

2- WHAT IS THE NETTING OF FIXED MONTHLY SALARY AND BENEFIT FOR TEMPORARY INCAPACITY RECEIVED BY EMPLOYEES WHO GET FULL SALARY EVEN IF THEY ARE SICK OR ON LEAVE?
Employee, who gets benefit for temporary incapacity because of medical report, may get fixed monthly salary by giving back those benefits to his/her work place.

Source: SSI

Are Salaries and Wages Subject to Income Tax in Turkey?

MuhasebeNews — Thu, 04 May 2017 09:18:44 +0000

Income derived from dependent personal services is subject to the income tax. This income comprises such income from all kinds of employment in both public and private sector as salaries and wages, as well as associated supplementary income such as allowances, bonuses, anniversary gifts, gratuities, commissions, premiums, compensations and other wage and salary related remunerations including benefits in kind at market value.

In determining taxable amount of salaries and wages, the following expenditures are allowed to be deducted from gross amount:
– Legal deduction made according to various laws or regulations,
– Payments made for pensions,
– Payments made for various insurances,
– Payments made for labor union membership.

Source: Revenue Administration