Short-Term Insurance Premium Rate Set at 2.25% in Türkiye

The law will address discrepancies in the application of Special Consumption Tax (ÖTV) for certain goods imported by national security organizations.

The restriction on the minimum fixed tax amount for some tobacco products, previously set at “up to 20%,” will be removed. Instead, a fixed tax will be applicable based on the minimum fixed tax amount for the product per unit package.

Employees of the Turkish Red Crescent Society and its affiliated or related organizations will continue to receive their retirement or old-age pensions from any social security institution without interruption.

The premium rate for short-term insurance branches will be set at 2.25%. The President will be authorized to reduce this rate to 1.5% or increase it up to 2.5%.

The minimum monthly payment amount for those receiving old-age, disability, or survivors’ pensions, which is currently set at 10,000 liras per file, will be increased to 12,500 liras. This provision will take effect from the July payment period.

The law will terminate the application of the 5% social security support premium provided by the Treasury for employers of those insured before September 8, 1999, who continue to work under social security support premiums at the same workplace after first receiving old-age or retirement pensions.