According to the circular numbered 27998389-010-06-02-5278 released by the General Directorate of Budget and Fiscal Control on 04.07.2018 with the subject ‘Financial and Social Rights’, the coefficients used to calculate the wage of a civil servant have been revised effective 01.07.2018.

In accordance with the provisional article, Article 75 of the Social Security and General Health Insurance Law the amount of Minimum Wage discount has been decided by the Council of Ministers on 09.04.2018. The details of the new amendments announced with the 2018/11668 numbered circulars, dated 09.04.2018 are listed below;

New amendments have been implemented to the Law numbered 7130 (Law on Amendments to Certain Laws and Taxation Laws) and to the 3rd, 9th, 25th, 32nd and 61st Articles of the Income Tax Law numbered 193. The details on the new amendments and the relevant applications of the regulations are detailed below.

On June 01, 2018, certain amendments were made to the “Implementation Regulation of the Foreign Direct Investment Law” as well as to the procedures and principles to be applicable to the issues within the scope of the Law.

By virtue of the amendments, manually submitting documents in printed forms which are to be delivered to the Ministry of Economy by the foreign capital companies and branches covered by the Foreign Direct Investment Law has been terminated. During the period hereafter, the documents to be submitted shall be delivered only electronically through E-TUYS (the web based portal managed by the Ministry of Economy, General Directorate of Incentive Implementation and Foreign Investment).