YOUNG ENTREPRENEUR SUPPORT

YOUNG ENTREPRENEUR SUPPORT

Project Status : Active
Updated Date : 27.04.2021

DETAILS

Insurance premiums within the scope of 4-1 / b calculated over the minimum wage lower limit of real persons between the ages of 18-29 and opening a business for the first time as of 01.06.2018 will be covered by the Treasury for 1 year.

Only one partner can benefit from this incentive in ordinary partnerships and sole proprietorships.

Under the repeating Article 20 of the Income Tax Law No. 193 dated 31/12/1960 The premiums of real persons who benefit from earning exemption for young entrepreneurs and who are over 18 and not over 29 as of the starting date of the obligation, who are deemed to be insured for the first time as of 1/6/2018 within the scope of sub-clause 1 of item (b) of the first paragraph of Article 4 of this Law, are met by the Ministry of Treasury and Finance over the lower limit of earnings subject to premium determined in accordance with Article 82 for 1 year. In ordinary partnerships and sole proprietorship partnerships, only one partner can benefit from the provision of this paragraph.

Conditions to benefit from incentives:

  • Insurance premiums within the scope of 4-1 / b calculated over the minimum wage lower limit of real persons between the ages of 18-29 and opening a business for the first time since 01.06.2018 will be covered by the Ministry of Treasury and Finance for 1 year. Only one partner can benefit from this incentive in ordinary partnerships and sole proprietorships.
  • The duration of benefiting from support is 1 year.