Author name: Moderator

SGK in Turkey: An In-Depth Look at the Social Security Institution

In Turkey, the Social Security Institution (SGK) is pivotal in guaranteeing social security and delivering essential benefits to the populace. Established in 2006, SGK functions as the chief authority overseeing social security programs, healthcare services, and pension systems. This article offers an in-depth look at the SGK’s roles, contributions, challenges, and its impact on Turkish […]

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HR Services in Turkey: An In-Depth Exploration

In today’s globalized world, Human Resources (HR) services are indispensable for the smooth functioning of organizations, especially in Turkey. They play a crucial role in managing employee relations, ensuring compliance with labor laws, and fostering a productive work environment. In Turkey, the landscape of HR services is rapidly evolving, driven by a dynamic economy and

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Law No. 7511 on the Amendment of the Turkish Commercial Code

This legislation primarily targets amendments to the Turkish Commercial Code numbered 6102 (“Turkish Commercial Code”) but also encompasses revisions to several other laws, including the Law on the Protection of Competition, the Law on the Protection of Consumers, the Law on the Union of Chambers and Commodity Exchanges of Turkey, the Law on Cooperatives, and

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Human Resources Solutions in Turkey: Navigating the Landscape of Talent Management

Human resources (HR) is a critical component of any organization, driving the management of people and fostering a productive work environment in Turkey. In Turkey, a nation straddling Europe and Asia, the HR landscape is unique, shaped by a blend of cultural, economic, and regulatory factors. This article delves into the intricacies of “Human Resources

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Inflation Turkey: Navigating Legislative Changes Amidst Economic Challenges

The recent General Communiqué on the Tax Procedure Law (Row No: 560), effective as of April 30, 2024, announced that inflation adjustments in Turkey will not apply to the first provisional corporate income tax period of 2024. This critical legislative update, linked to the ongoing economic conditions, aims to simplify the financial landscape by temporarily

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Comprehensive Guide to the Extended Deadline for Annual Statement 2023 in Turkey

In a move to support businesses facing challenges due to the state of force majeure, the government in Turkey has announced an extension for the submission of the Annual Operating Statement for the 2023 period. This extension applies to industrial enterprises operating in specific provinces and districts, including Adıyaman, Hatay, Kahramanmaraş, Malatya, İslahiye, and Nurdağı

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Understanding the Latest Amendments to the Value Added Tax General in Turkey

The government in Turkey recently introduced significant changes to its Value Added Tax (VAT) regulations through the Communiqué on Amendments to the Value Added Tax General Application Communiqué (Serial No: 51). Published in the Official Gazette No. 32529 on April 27, 2024, these amendments are aimed at enhancing tax efficiency, fostering compliance, and creating a

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Economic developments in Turkey

In 2022, economic of Turkey witnessed a growth slowdown, expanding by 5.6%, a notable decline from the previous year’s impressive 11.4%. This deceleration was primarily attributed to a loss of momentum in exports, investment, and manufacturing activity. Nevertheless, the economy found resilience in private consumption, which surged by 19.6% during the same period. The services

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Employment of foreigners in Turkey

Navigating Foreigners Employment: The Regulatory Landscape in Turkey In 2016, Turkey enacted the International Workforce Law, ushering in a comprehensive framework governing the rights and obligations associated with the employment of foreigners. This legislation outlines the parameters for foreigners to engage in freelance work or enter into employment contracts, contingent upon obtaining a work permit

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