Per the circular no: 2020/01 dated as 27.01.2020;

The five points discount on Social Security premiums would not be applicable for the corporations within the scope of Social Security Law no: 506, temporary Article 20 (e.g. banks, insurance and reassurance companies, etc).

These corporations can benefit from the incentives which are within the scope of Law no: 4447, Article 10 and Law no: 4857, Article 30.

The points on that regulation will be applicable as of 01.02.2019

Please find that published announcement dated 27.01.2020 on the link below for detailed info (Published in Turkish)

Click to view the circular.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.