Council of State Ruling on the Exemption of Meal Allowances Provided via Meal Vouchers from Social Security Premiums and the Current Legal Framework

Conceptual Framework and Background of the Practice Pursuant to Article 80(1)(b) of the Social Insurance and General Health Insurance Law No. 5510 (“Law No. 5510”), in-kind benefits provided by employers to insured employees are excluded from the calculation of earnings subject to social security premiums. Conversely, in the case of cash benefits, only the portion […]

Mandatory Electronic Bookkeeping for Companies

The Communiqué on the Keeping of Commercial Books Unrelated to Business Accounting in Electronic Environment (“Communiqué”), published in the Official Gazette dated 14 February 2025 and numbered 32813, mandates that commercial books of certain commercial companies be maintained electronically. This regulation applies to the share ledger, board of directors’ resolution book, board of managers’ resolution […]

Withholding Tax Rate for E-Commerce Transactions Set at 1%

Pursuant to the amendments introduced by the Law numbered 7524, dated 28 July 2024, to Article 94 of the Income Tax Law and Articles 15 and 30 of the Corporate Tax Law, payments made by intermediary service providers and e-commerce intermediary service providers to service providers and e-commerce service providers, within the scope of activities […]