June 2022 / Sistem Global Newsletter Summary
18 July 2022
August 2022 / Sistem Global Newsletter Summary
9 September 2022
| TAX CONSULTACY📝 |
| TIME LIMIT HAS BEEN IMPOSED ON INTEREST DEDUCTIONS ARISING FROM CASH CAPITAL INCREASES As it is known, with the application “Interest Deduction Based on Cash Capital Increase” regulated in article 10/1-I of the Corporate Tax Law No. 5520, Corporate Tax Discount was applied over the increased capital amount in capital increases made in cash. There was no time limit for companies that did not have a tax base in the relevant period to transfer their interest deduction rights arising from cash capital increase to future years. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
| REMOTE WORKING RATE INCREASED TO 75% IN R&D AND DESIGN CENTERS AND TECHNOLOGY DEVELOPMENT ZONES. As it is known, in companies located in R&D and Design Centers and Technology Development Zones, personnel could work 50% of their total time in the area and 50% of their total time remotely. With the Presidential Decree No. 5806, which entered into force after being published in the Official Gazette dated 21.07.2022, the Remote Working Rate has been increased to 75%. Remote working periods can be applied until 31.12.2023. Thus, if the personnel working in companies located in R&D and Design Centers and Technoparks spend 25% of their total time in the region, the remaining 75% can be shown as remote working and benefit from incentives on a full-time basis. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
| RISK AND LEGISLATION MANAGEMENT📚 |
| REAL ESTATE SALES PROCEDURES CAN BE DONE AT NOTARY Real estate purchase and sale processes, which have been prolonged due to the intensity in land registry offices, have been on the agenda for a long time. As announced in the Official Gazette, real estate sales transactions can now be made at notary offices in addition to land registry offices. The relevant amendment entered into force when the completion of the installation of the information system is announced on the Ministry of Justice’s website until 1 January 2023. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. THE PERIOD FOR THE LAWSUIT FOR THE LOSS OF COMMERCIAL BOOKS HAS BEEN EXTENDED This period has been increased to 30 (thirty) days with the “Law No. 7417 on Civil Servants and Law on Amending Certain Laws and the Decree Law No. 375” published in the Official Gazette on July 5, 2022. Thus, justified criticisms that the period of 15 (fifteen) days, which is in the nature of a forfeiture period, is insufficient, have been taken into consideration by the legislator and this period has been increased to thirty days. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. CHANGES TO THE LAW ON THE TURKISH ELECTRONIC COMMERCE REGULATION The Law Proposal on the Amendment of the Law on the Regulation of Electronic Commerce, which was submitted on June 28, 2022 with the number 220 and accepted by the TBMM Industry, Trade, Energy, Natural Resources, Information and Technology Commission, has officially entered into force by being published in the Official Gazette dated July 07, 2022 and numbered 31889. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. THE PROVISION OF THE LAW REGULATING THE REQUIREMENT TO PAY 50% GUARANTEE FOR STAY OF EXECUTION IN TAX REFUND LAWSUITS HAS BEEN ANNULED The provision added by Article 2 of the Law No. 7351 dated 19/1/2022 to paragraph (4) of Article 27 of the Administrative Trial Procedure Law No. 2577 dated 6/1/1982 and amended by Article 12 of the Law No. 4001 dated 10/6/1994 and amended by Article 12 of the Law No. 4001 dated 10/6/1994, stating that “In lawsuits filed in relation to taxes for which refunds are requested in accordance with tax laws, a stay of execution cannot be granted without obtaining a collateral of fifty percent of the amount subject to the lawsuit” was rejected by the Constitutional Court on 01.06.2022, File : 2022/14, Decision : 2022/70, dated 01.06.2022, was found to be contrary to Article 125 of the Constitution, which regulates that “the judicial remedy is open against all kinds of actions and transactions of the administration” and was annulled. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
| R&D AND INNOVATION MANAGEMENT🔍 |
| RESULTS OF THE SUPPORT PROGRAM FOR CHARGING STATIONS FOR ELECTRIC VEHICLES HAS BEEN ANNOUNCED! With the program, which was commissioned to create the charging infrastructure for electric vehicles in Turkey;Nearly 1 billion TL investmentMore than 1500 High Speed Charging Stations in all 81 provincesA total of approximately 150 million TL will be provided to 20 companies that are eligible for support.Stations will be completed by April 15, 2023. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
| BUSINESS SOLUTIONS🎁 |
| THE NEW MINIMUM WAGE HAS BEEN ANNOUNCED! The new minimum wage has been determined to be effective as of July 1, 2022. President Recep Tayyip Erdoğan stated that the net minimum wage is now 5 thousand 500 TL with an increase of approximately 30%, 100 TL support will be provided per employee and the practice of not collecting income and stamp tax from wages up to the minimum wage will continue. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. 2022 SECOND PERIOD PAYROLL PARAMETERS On 01.07.2022, “Minimum Wage Determination Commission Decision” was published in the Repeated Official Gazette dated 01.07.2022 and numbered 31883, and according to the relevant decision, the lower limit of daily earnings (daily minimum wage of the worker) between 01/07/2022 – 31/12/2022 has been determined as 215.70 TL. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. MINIMUM WAGE SUPPORT WILL BE APPLIED FOR JULY – DECEMBER 2022 Minimum wage support to be applied between July and December 2022 has been announced with the Article 64 of Law No. 7417 adopted by the Parliament on 01.07.2022 and published in the Official Gazette dated 05.07.2022, and Provisional Article 88 added to Law No. 5510. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. NEW SEVERANCE PAY CEILING HAS BEEN ANNOUNCED 2022 Circular on Financial and Social Rights for the month of July was published on 04/07/2022. Pursuant to Article 2 of the Circular, the annual ceiling amount of the severance pay to be paid to the employees as of 01/07/2022 has been 15.371,40 TL. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. MEAL AND TRAVEL ALLOWANCE EXEMPTION AMOUNTS INCREASED BY 50%! With the Presidential Decree No. 5799 published in the Official Gazette dated 08.07.2022 and numbered 31890, amendments were made to the exemption amounts of meal and travel allowance in paragraphs 8 and 10 of Article 23 of the Income Tax Law No. 193. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. DECLARATION DEADLINE HAS BEEN EXTENDED! The submission and payment deadlines for Value Added Tax, Stamp Duty and Concise and Premium Service Declarations, which should be submitted until the end of 26 July 2022, have been extended until the end of Friday, 29 July 2022. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
| NEWS FROM US📣 |
| AUGUST SCHEDULE FOR ONLINE TRAINING COURSES… We are back in August with our Extensive Online Training Courses on Various Interesting Topics! 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. BLOCKCHAIN TECHNOLOGY AND USAGE REPORT HAS BEEN PUBLISHED! Blockchain technology, which we have recently learned with the concept of cryptocurrency, has become a concept that we encounter in our daily lives with its use in areas such as data management, health, finance and education. As Sistem Global, we are pleased to share our report study in which we define blockchain technology for those who do not know it yet, include examples of countries where it is currently used, and examine the use of this technology in areas such as law, tax, intellectual property! 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
