The Ministry of Industry and Technology has introduced an income tax exemption for stock option benefits provided to employees of designated techno-enterprise companies. According to the regulation, stock options granted at no cost or at a discount to employees are exempt from income tax, provided their market value on the grant date does not exceed…
The 10th Chamber of the Council of State has annulled key provisions governing the meal exemption limits applied to cash payments and benefits provided through meal vouchers, meal cards, and other similar tools by employers to insured employees. The annulment affects regulations concerning how these meal allowances are treated in calculating earnings subject to premiums…
Accounting plays a crucial role in the success of businesses, providing a clear picture of financial health and ensuring compliance with legal obligations. In Turkey, accounting standards and practices are governed by a specific regulatory framework that aligns closely with international norms while incorporating local requirements. For business owners, understanding these standards is essential to…
Managing employee benefits and deductions is a crucial aspect of payroll in Turkey, and it requires a clear understanding of the local laws and regulations. Employers must navigate a complex landscape of mandatory benefits, voluntary offerings, and various deductions to ensure compliance and maintain employee satisfaction. This comprehensive guide will delve into the key aspects…
As businesses in Turkey continue to evolve in an increasingly technology digital landscape, payroll management is no exception. The year 2024 brings new technologies and trends that promise to revolutionize how companies handle payroll. From automation to artificial intelligence, the integration of advanced technologies is transforming the payroll industry, enhancing accuracy, efficiency, and compliance. This…
Sustainability has emerged as a crucial agenda for businesses worldwide, and Turkey is no exception. As global challenges like climate change, resource depletion, and social inequality intensify, Turkish businesses are increasingly recognizing the importance of integrating sustainability into their operations. This article explores the sustainability practices adopted by Turkish businesses, the drivers behind these initiatives,…
Supply Chain and Logistics in Turkey: A Comprehensive Overview Supply chain and logistics are critical components of any economy, playing a significant role in facilitating trade, ensuring the smooth flow of goods, and driving economic growth. Turkey, with its strategic location at the crossroads of Europe and Asia, has become a pivotal hub in global…
Turkey, with its strategic geographical position bridging Europe and Asia, has always been a significant player in global trade and economics. The country’s economic landscape has been marked by rapid growth, periods of instability, and transformative reforms. Understanding Turkey’s current economic trends and future forecasts is crucial for investors, policymakers, and businesses. This article delves…
Digital transformation has become a pivotal force reshaping industries and economies worldwide, and Turkey is no exception. As Turkish businesses strive to stay competitive in an increasingly digital global market, they are embracing a variety of technological innovations and strategies to transform their operations. This article explores the landscape of digital transformation in Turkey, examining…
Human Resources Management (HRM) in Turkey has undergone significant transformation over the past few decades. As the country has shifted from an agrarian economy to an industrialized one, the role and importance of HRM have evolved accordingly. This article delves into the various aspects of HRM in Turkey, examining its historical development, current practices, challenges,…