Akkas CPA & Turkish Accounting Firm is a globally recognized Turkish Accounting Firm with a long record of excellence and professionalism for providing payroll services in Turkey. Our accountants provide all kinds of accounting services in Turkey required to run your company in Turkey.
Akkas CPA offers the best accounting services, at competitive prices to foreign businessmen who already established or getting ready to establish a company in Turkey. After registering a new company in Turkey, you will need to hire an accountant & CPA in order to manage the financial issues and offer solutions to lower the costs for your business.
A good accountant will help you save money and make your company more efficient in terms of costs. In a short time, if your company is managed well from all points of view, the profit will increase.
Payroll Services in Turkey
Turkish Payroll Services
After registering a new company in Turkey, you will need to hire an accountant & CPA in order to manage the financial issues and offer solutions to lower the costs for your business. A good accountant will help you save money and make your company more efficient in terms of costs. In a short time, if your company is managed well from all points of view, the profit will increase.
An experienced accountant knows all the rules and regulations related to your business activity and will offer you the best advice in order to protect your money. Before hiring an accountant, you should check if he/she is registered with an accounting body in Turkey, so you will be sure that he/she is a professional and you can trust him.
Social Security Services in Turkey
The three insurance funds, namely SSK, Emekli Sandigi, and Bag-Kur, were merged under a sole body called the Social Security Institution (SSI) in 2007. The three insurance funds together cover around 81% of the population as of 2008. The system started to be fully operational at the beginning of 2008.
Social Security Premium Payments
Social security premiums (as a percentage of employees’ gross earnings) are payable by both employers and employees.
Turkish Social Security System
Foreigners making social security contributions in their home countries do not have to pay the Turkish Social Security (SGK)premiums if there is a reciprocal agreement between the home country and Turkey.
Unemployment Insurance Premium Payments
Employees, employers, and the state are required to make a compulsory contribution to the Unemployment Insurance Plan at the rates of 1%, 2%, and 1%, respectively, of the gross salary of the employee. Like the social security premium payments, unemployment insurance premiums are also to be paid on a monthly basis.
Employers are able to deduct such contributions from their taxable income. On the other hand, an employee’s contributions are deductible from the income tax base of the employee.
A foreign individual who remains covered under the compulsory social security system of his/her home country that has a social security agreement in effect with Turkey is not liable for insurance payments to the Turkish social security. The proof of foreign coverage is to be filed with the local social security office.
If the employee is not subject to foreign social security, full contributions will generally be imposed. Unemployment insurance premiums are declared and paid to the Social Security Institution together with social security premium contributions.
Reach us for Payroll Services in Turkey
Akkas CPA & Turkish Accounting Firm is one of the globally recognized Turkish Accounting Firms with a long record of excellence and professional leadership in Istanbul, Turkey.
Thanks to its nationally recognized accounting services, our accounting firm is now one of the leading accounting firms in Istanbul, Turkey. You may reach our accountants for payroll services in Turkey by sending an email to us.