Strict oversight from the Social Security Institution (SGK) and tax offices: Incorrect transactions could end your retirement

Thanks to the digitized infrastructure of the Social Security Institution (SGK) and tax offices, a period of strict controls has begun. Penalties have been tightened, particularly regarding fake insurance, wages paid under the table, and bogus invoices. SGK Consultant Özgür Erdursun issued important warnings to both employers and employees.

Making statements via YouTube, Erdursun reminded everyone of the 45-hour weekly work requirement in professional life. He pointed out that it is mandatory to pay a 50 percent premium for overtime on weekdays, a 100 percent premium for Sundays, and an extra day's wage for each day worked during public and official holidays.

Emphasizing that SGK notifications must match bank payments exactly, Erdursun stated that it is critical to keep employee leave records and personnel files complete. He also clarified that it is illegal to pay annual leave wages in cash while the employee is still working.

Erdursun summarized the risk for those who obtain fake insurance as follows:

"When you pay an intermediary or use personal connections to show yourself as insured, if this is discovered during an audit, all your days will be erased. Your retirement will be canceled; the salaries paid and health expenses will be reclaimed with legal interest. For businesses, this means the cancellation of all state incentives and heavy fines."

THE BIGGEST MISTAKES MADE BY EMPLOYERS

According to Erdursun, employers often fall into the inevitable trap of firing employees who are absent without notice immediately. However, for those who do not show up for two consecutive days or three days in a month, a report must first be filed, followed by a formal notice sent via notary, and the personnel must be granted the right to defense within six working days. If this procedure is not followed, the employer may end up in the wrong and be sentenced to pay severance and notice compensation.

RISKS IN ARTIFICIAL INTELLIGENCE AND CORPORATE MOVEMENTS

We have entered a period where tax offices can compare bank movements, SGK notifications, and declarations in seconds using modern technology. Prison sentences may be on the agenda due to bogus invoices and misleading documents. It was also emphasized that companies must keep their cash, bank, and inventory movements accurate, otherwise they will face severe penal sanctions.

Pointing out that company partners often fall into a false perception, Erdursun stated that the idea that "the money in the safe is mine" is wrong; he explained that to withdraw money from the company, one must only act through "attendance fees" or "dividend" methods and the related taxes.

Furthermore, regarding Treasury and Finance Minister Mehmet Şimşek's statement that "there is no tax amnesty," Erdursun made the following assessment:

"In Turkey, there has never been an amnesty where the principal amount of tax was erased. The regulations made are only restructuring; the delay interest is fixed and paid in installments. Waiting for restructuring and accumulating debt puts businesses in a greater deadlock due to increasing delay interest. Those who have cash on hand should look to reduce their debts as soon as possible."

News Source: 12punto