Discussions on the Bill of Law on Amendments to Tax Laws and Certain Laws continue in the General Assembly of the Turkish Grand National Assembly. Two articles in the second part of the bill were accepted.
Insurance Branches Premium Rate and Pension Amount Changed
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According to the 28th article, the premium rate for short-term insurance branches is determined as 2.25%. The President is authorized to reduce this rate to 1.5% or increase it to 2.5%.
According to Article 29, the monthly minimum amount paid to those who receive old age, disability, death pensions and beneficiaries on a per-file basis is increased from 10,000 lira to 12,500 lira. This regulation will be valid as of the July payment period.
