In The press release dated December 28, 2020 the Ministry of Labor along with the Minimum Wage Determination Committee have announced the minimum wage to be effective for the year of 2021 as shown in the table below.
The publication below may be out of date due to postponements and recent announcements. Please contact your client representative to have further information and for your queries about the recent announcements regarding your legal obligations.
Sanitation Tax
Sanitation tax is collected in 2 installments each year from the workplaces that benefit from the municipal solid waste collection and sewerage services. Deadline for the second installment is 30.11.2020.
Payments can be also deposited via E-Municipality system.
New amendments have been made with the Law on Amending Certain Laws and Restructuring of Certain Debts No. 7256, dated as 11 November 2020, and published in the Official Gazette No. 31307 dated 17 November 2020.
While the definite public and certain other receivables were restructured within the scope of the mentioned Omnibus Law, a new repatriation of assets was brought. Also, amendments have been made which can affect Income Tax Law, Corporate Tax Law and Value Added Tax Law considerably.
Details on debt restructuring are as below;
Restructuring of receivables up to 500 billion TL, encompasses receivables before 31st August 2020.
Those who want to benefit restructuring can apply until the end of 2020.
If debts are paid in first installment, 90% of the late interest will be cancelled.
Within the scope of restructuring, installments will be paid in every two months and can be split into 18 months.
Payments regarding the Ministry of Treasury and Finance will start in January 2021.
Payments to be made to SSI will start in February 2021.