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What is SGK Incentive Consultancy?

  • Writer: GLOBAL LIFE İK
    GLOBAL LIFE İK
  • Jan 30, 2023
  • 3 min read

Although incentive consultancy is a very important issue for companies, many of the companies today are not aware of the incentives they can benefit from. The most important reasons why companies are not aware of or cannot benefit from incentives can be given as examples of the complexity of designing, implementing and calculating incentives. For this reason, if you are looking for an incentive that you can benefit from or if you think that you are not aware of the incentives, it would be beneficial to get incentive consultancy service from a proven company that specializes in incentives.


What is Incentive?

Incentive, as a word, means "to encourage, to encourage". In fact, incentives generally reflect the meaning of the word exactly. In our country, many incentives to increase employment, prepared by the state and the Social Security Institution (SGK) within the framework of laws, are in effect. These incentives directly or indirectly benefit companies and are important for stimulating the country's economy.


YWhat are the State (Treasury) Incentives for Investments?

It is the support provided by the state in order to reduce the development gap between the regions in our country and to increase employment by increasing investment in developing and underdeveloped regions. In this context, the regions are ranked according to their level of development, and the investments to be encouraged and the sectors to be supported regarding the investments to be made in each region are determined. In order to benefit from these incentives, it is necessary to obtain an Investment Incentive Certificate. Investment Incentive Certificate is a document that contains the characteristic values of the investment, provides the opportunity to benefit from the support elements registered on it if the investment is made in accordance with the determined minimum conditions, and is issued for the investments to be realized in line with the purposes of the decision regarding the incentive system. In order to obtain the investment incentive certificate, real persons, ordinary partnerships, capital companies, cooperatives, business partnerships, public institutions and organizations, professional organizations, associations and foundations, branches of foreign companies abroad and branches in Turkey in accordance with the Turkish Commercial Code. Established companies with foreign capital can apply.


What are the State (Treasury) Incentives for Investments?

Are Investment Incentives Given to Companies in the Form of Cash?

The answer to this question is no. Incentives are not cash support, but the state's receivables being reduced or not paid by canceling. As a result, the applicant investing within the scope of the incentive;

• It is exempted from VAT and customs tax,

• The employer's share in the insurance premium and the employee's share in the insurance premium are covered by the Ministry of Economy; Income tax is not paid by canceling the worker withholding tax,

• Interest support amount is paid to the relevant bank by its treasury.


What are SSI Incentives?

In short, SSI incentives are prepared to increase employment and support employers within the framework of laws. Workplaces that contribute to the increase in employment can benefit from incentives, support and discounts in the employer's premium they deposit on behalf of their insured every month.


Who Can Benefit From SSI Incentives and Under Which Conditions?

In order to benefit from SSI incentives, the number of employees in your workplace is not required to be too many or too few. However, the duration of benefiting from SGK incentives may vary according to men and women, documents held and age. All workplaces have the right to benefit from SSI incentives, but the most important issue is that the number of personnel in the workplace has been increased in the long-short term. In addition to this subject, some conditions must be fulfilled in terms of "Employer" and "Insured".

In terms of Employer;

• The monthly premium and service certificate must be given to the institution within the legal period,

• It should not employ unregistered insured,

• Premiums must be paid within the legal period,

• There should be no premiums, administrative fines and penalties related to these issues, and late payment penalties,

• If the employer has debts, these debts must be structured or in installments.

 
 
 

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