
COMMUNIQUÉ NO. 2022-32/66 ON THE AMENDMENT OF THE COMMUNIQUÉ NO 2008-32/34 ON THE DECREE NO. 32 ON THE PROTECTION OF THE VALUE OF THE TURKISH CURRENCY
On April 21, 2022, a press briefing on the Communiqué No. 2022-32/66 has been released on the web page of Ministry of Treasury and Finance to provide further details on the implementation of Communiqué No. 2022-32/66.
CLASSIFICATION OF THE COMPANIES UNDER THE TURKISH COMMERCIAL CODE
In Turkey, the companies can be incorporated in accordance with various laws. The companies incorporated according to the Turkish Commercial Code are classified as sole proprietorships and equity companies. On the other hand, the cooperative companies can be specified according to the Cooperatives Law and the ordinary partnerships can be specified according to the Code of Obligations.
REGULATION FOR IMPLEMENTATION OF THE LAW ON INTERNATIONAL LABOR FORCE
Regulation on implementation of the International Labor Force Law No. 6735 entered into force upon being published in the Official Gazette dated February 02, 2022 and numbered 31738. The Regulation for Implementation of the Law on the Work Permit for Foreigners published in the Official Gazette dated August 29, 2003 and numbered 25214 has been annulled.
REGULATION ON AMENDMENTS TO THE REGULATION ON IMPLEMENTATION OF THE LAW ON TURKISH CITIZENSHIP
On Jan 6, 2022, through presidential decree no. 5072, “Regulation on Amendments to the Regulation on Implementation of the Law on Turkish Citizenship” put into effect as per article 46 of Turkish Citizenship Law no 5901.
TAXING WAGES 2022 (Income Tax & Stamp Tax)
Law No. 7349 regarding amendments to the income tax law and certain other laws, has entered into force following its publication in the Official Gazette on 25 December 2021.
PAYROLL BASICS (2022)
Net Minimum Wage in Turkey rises to TRY 4.253,40 with 50,51 percent increase.