Are There Any Tax Benefits?
| Tax Benefits |
|
- The amount of the premium you pay on behalf of your employees is corporate tax exempted up to 10% and aggregate annual amount of the minimum wages by posting direct expenses on your accounts.
- The portion of the amount of the premium paid by you and your employees to be tax exempted cannot be in excess 10% of your gross annual wages or aggregate annual minimum wages.
The tax incentive provided for the employer:| Premium paid for private pension plan | TRY 200 |
| Portion paid by EMPLOYEE | TRY 100 |
| Portion paid by EMPLOYER | TRY 100 |
| EMPLOYEE GROSS WAGE | TRY 2.000 |
| Amount posted by company as direct expense | TRY 100 |
| Tax exempted amount from employee’s wage | TRY 100 |
*As of May 2003, Corporate Tax Rate is %20.
