1-When will EYT arrive? Severance Pay for Employers

The EYT (retirement age) regulation, which is expected by millions, is expected to become law in the first half of 2023. Although there is no draft law submitted to the Parliament yet, some details of the proposal are shared with the public from the Ministry of Labor and Social Security from time to time.

If the regulation becomes law for those who are old enough to retire;

1-Payment of severance pay to the relevant personnel

2- If there is an unused leave of the relevant personnel, payment of leave money

3- Due to the decrease in the number of employees, it may be possible to not benefit from some Social security incentives.

At this point, it expects employers to be provided with long-term, low-interest or interest-free loan opportunities for the cash need that will arise for severance payments.

2-Will the upper limit of 25% increase in Housing Rentals continue?

The increase limitation in terms of residential rents will expire on July 1, 2023, unless there is an extension. It is certain that many homeowners are waiting for this date.

Due to this regulation, the increase in the number of lawsuits between landlords and tenants has reached high levels. When there is a serious burden in the civil courts of peace, the hearing dates are given for a very long time.

3-Will we continue to pay taxes when buying foreign currency? Will the ban on foreign exchange contracts continue?

At the moment, when we get 10.000 USD via internet banking, we pay 360 TL tax. It is foreseen that the applications will continue within the current dates.

4-Will a Comprehensive Tax Amnesty Regulation Coming?

Although not in total, different taxes and fees, fines, etc. Periodic restructuring has been done frequently to date. Since 2023 is the 100th anniversary of our Republic, a more comprehensive tax amnesty is among the possibilities. It is likely that issues such as asset peace, zoning peace, and tax base increase will also be on the agenda in 2023.

5- Will it be easier to access TL loans?

Although the Central Bank has reduced interest rates to single digits, access to credit is still difficult. In order to fully address the issue, it is necessary to make changes in the monetary policy followed, and there is no such expectation at the moment. It is on the agenda to provide affordable loans through state banks for the construction sector, which has narrowed only at the point of housing loans.

6- Remote workers in technoparks will be able to work from home in 2023

In July, the rate of remote working in Technology Development Zones or R&D/design centers was increased from 50% to 75% by the Presidential Decision.

Since this regulation will be in effect until the end of 2023, there is no problem for technopark personnel to continue working remotely.

7- Will the fact that real estate can be bought and sold from notary publics will bring action to the sector?

If you are going to buy or sell a house, land or workplace as of 01.01.2023, you will be able to have your transactions done at the notaries instead of the land registry offices.

8- The accommodation tax, which will come into effect on 01.01.2023

From the beginning of 2023, touristic facilities will pay a 2% accommodation tax.

If you already say that you are camping, don’t worry, those who stay in the tents are not forgotten either. However, the demands of tourism professionals for the postponement of this tax due to increasing costs have been conveyed to the ministry and relevant authorities. Having a record 2022 year, the sector’s expectation for 2023 is also quite positive. It is expected that the request for the postponement of such a tax for 1 more year will be evaluated in the coming days.

9-Expectation on the minimum wage

Both workers and employers are waiting for the minimum wage to be announced in order to calculate the costs for 2023. The statement made by TÜRK-İŞ (employee counsil) in the past days announced that the lowest figure should be 7.785 TL. If this rate is realized, there will be an increase of 42%. The minimum wage determination commission is expected to meet on December 7 and 14 to reach a consensus on the figure.

10-Inflation and exchange rates

It is foreseen that the priority in the monetary policy followed will continue as it is aimed to control the exchange rate. Therefore, it can be expected that the actions and decisions taken will keep the exchange rate in a certain line for a while. It is calculated that high inflation will enter a downward trend with the base effect. For now, it is expected that the general elections to be held in June 2023 will affect all kinds of financial data.