Turkey amends Labor Act

Amendments to the Labor Act increased both the minimum wage and the severance payment rates. The gross monthly minimum wage rate for 2019 increased from TRY 2,029.50 to TRY 2,558.40. The new rate applies to all industries except for the […]

Turkey amends tax exemption of mutual termination agreements

Amendments to the income tax law clarified that mutual termination agreements should benefit from income tax exemption within the limit of the mandatory severance payments amount to which the employee is entitled on termination. The exceeding amount should not benefit […]

Turkey change meal card plans

Under new regulations that came into force 22 May 2018, meal cards entities can no longer charge more than 6 percent commission to retail businesses or make any discounts to the employers they deal with. Payments by meal card entities […]