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Within how many days are we required to register the foreign employee, for whom we have obtained a work permit, for insurance?

Regarding the statement of employment of the emloyee for whom a work permit has been obtained, the work permit has been approved. The date of the work permit is 26/11/2018. It was delivered to us by cargo. I will make a statement of employment. Normally, the registration is made a day before the starting day of employment. What is the case for this situation? Am I going to write the start date of employment as 26/11/2018 or is there an exception? Can the Social Security Institution fine us because of the start date of employment?

Date of Work Permit : 26/11/2018
Date of Notification   : 30/11/2018
Start Date of Employment : Is it 26/11/2018 or should it be a day before the start day of employment? For example, if I start the employment on 04/12/2018, should I register it as 03/12/2018?

 

It is mandatory to apply to a provincial directorate of security to get an employment annotated residence permit within 30 days at the very latest as of the day when the foreign nationals obtained their work permit documents. The provincial directorate of security gives the residence permit within 15 days (residence permits which are not received by hand within a month are cancelled as of the start date)

 

Within 45 days as of the start date of work permit written on the document, in the case when the date of notification of the work permit document to the employer and the date of work permit are different, the proclamation will be regarded as it was given within the legal period if the employer gives the statement of employment of the insured to the Institution within 45 days after the work permit document is notified to the employer.

 

 


Source :ISMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither KarenAudit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


 

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How many days after the service should an invoice be issued?

I’ve been managing an office since 2012 as an INDEPENDENT BUSINESS. As you know, RECEIPT BASIS is valid for self-employment, so I’m writing self- employment receipts when I get my payments. But I’m thinking of turning into a Limited Company soon. In this case, am I required to draw up an invoice within 7 days for the payments that are not made? Or is it still okay if I invoice them when the payment is made? If I’m required to do so now, I have to pay tax for the payments I haven’t received…

 

As you know for commercial earnings, tax occurs through Accrual.

 

In accordance with Tax Procedure Law Article 231/5, Service bill is issued within 7 days. (7 days are calculated according to date specified for the receipt in the contract.)

 

 


Source :ISMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither KarenAudit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


 

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Is it required to pay Stamp Duty for the traffic insurances of the Government vehicles?

Is it required to pay Stamp Duty for the contracts of traffic and insurance that are taken by the public by means of a service procurement tender?

 

Yes. There is no Stamp Duty exemption for the vehicles whose traffic insurance policy was made by means of a service procurement tender. The Stamp Duty resulting from the agreement related to the tender must be paid.

 

 


Source :ISMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither KarenAudit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


 

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Is it required to certify the factory ledger for the manufacturing companies?

Is it required to certify the factory ledger for the manufacturing companies?

If you calculate costs according to 7/A, it is not required to keep a ledger. If you record the cost calculations according to 7/B, you are required to keep a factory ledger.

 

 


Source :ISMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither KarenAudit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


 

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Are liquidators liable for tax debts?

Are liquidators liable for tax debts?

 

*For the taxpayers whose legal personality is removed from the trade registry through liquidation;

-Any tax assessment and penalty operations concerning the periods before liquidation are made on behalf of any of the legal representatives for the liquidation period and before it,

– Partners of a limited company are responsible for their public receivables regarding the time period before liquidation period, in proportion to their shareholdings. In accordance with this Paragraph, responsibilities of the liquidation officers are limited to the amounts distributed as a result of the liquidation.

 

*In the case where the legal personalities of legal persons who are not within the scope of Paragraph five or the institutions who do not have legal personalities end,

-Tax assesment and penalty operations concerning the periods before the expiry date are made on behalf of the legal representatives of legal persons, by being severally liable,

-For the institutions that do not have legal personalities, those operations are made on behalf of the people who manage them (any of the partners for ordinary partnerships) or their representatives, if any.


Source :ISMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither KarenAudit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

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How can I terminate the Accounting Services Agreement of a client who didn’t make payment?

What is the appropriate way of giving notice of termination to a taxpayer that didn’t make the payment for the  Public Accountant?

You can request the payment by sending a registered letter with return receipt. If the payment is not made within the given period, the agreement is terminated.

 


Source :ISMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither KarenAudit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

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How Long Is The Probation Period In Labor Agreement in Turkey?

The labor agreement made between employee and the employer should be done in writing.

There can be optionally added a clause about probation period in the contract.
If there is no clause about the probation period in the contract, the notice period (concerning the rights of the payment in lieu of notice) begins instantly.

If the parties add a clause about the probation in the contract, the duration will be maximum 2 months.

(On the other hand, the probation period can be extended until 4 months in collective labor agreements.)

If the parties come to an agreement, the probation period can be less than 2 months.

Within the probation period, the parties may annul the contract without notice period and compensation.

If the parties specify the probation period and one of them annul the contract, there will be no notice pay and the labor contract will not continue as much as notice period.

Furthermore, the salary and the other fringe pays should be paid to himself/herself for the duration of his/her service.


Source: Article 15 the Labor Law No. 4857
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither KarenAudit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


 

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Trump warns China

US president says he expects to move forward with the plans to raise tariffs to 25% from 1 January

Before the G20 meeting in Argentina on Friday, Trump used a newspaper interview to warn China that he expects to move ahead on the imposition of higher import tariffs on Chinese goods.

He stated that China’s request on postponing the tariffs, which are due January 1, is ‘highly unlikely’.

Trump, also indicated that Apple products such as iPhones and laptops made in China and imported to the US could be hit.

His comments triggered a sell-off in Apple shares, putting the company on course to lose its crown as the world’s most valuable firm, with Microsoft set to take the title in its place.


Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither KarenAudit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


 

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Trump threathens General Motors

President Donald Trump threatened on Tuesday to cut all General Motors subsidies after the leading automative company announced that it will remove thousands of employees.

He tweeted: ‘’Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland,” Trump tweeted. “We are now looking at cutting all @GM subsidies, including for electric cars.”

It’s not clear what subsidies he was referring to.

The federal government provides that tax credit for each plug-in vehicle purchased. However, this subsidy goes away once an auto maker reaches 200,000 electric cars sold. And GM may hit that threshold by the end of the year, making its 2019 and 2020 tax credits smaller.

Jeremy Acevedo, manager of industry analysis at Edmunds said “The entire industry qualifies for this. It’s nothing exclusive to GM.’’

The GM job cuts hurt Trump’s campaign promise to bring back American auto jobs.


Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither KarenAudit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

 

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WTO takes action against Trump

The WTO’s Dispute Settlement Body (DSB) agreed to establish panels to review U.S. President Donald Trump’s tariffs of 25 percent on steel and 10 percent on aluminium on some countries.

The DSB will create separate panels for the complaints by the European Union, China, Canada, Mexico, Norway, Russia and Turkey as the U.S. said it would not agree to a single panel to hear all of them.

The DSB agreed on Nov. 21 to Washington’s request for three panels to rule on the legality of retaliatory tariffs imposed by Canada, China, Mexico and the European Union.

It also agreed to a U.S. call for a panel to be created to review “certain Chinese measures pertaining to the protection of intellectual property rights.”

Under WTO regulations, parties in a dispute can block a first request for the creation of an arbitration panel, but if the parties make a second request, it is all but guaranteed to go through.

The first requests to establish the panels were rejected last month, prompting the sides to file second requests.


Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither KarenAudit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

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