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        <title><![CDATA[N.Akman & Co. Blog]]></title>
        <link><![CDATA[https://www.akmanco.com/blog/feed]]></link>
        <description><![CDATA[Latest insights on accounting, taxation, and business in North Cyprus]]></description>
        <language>en-US</language>
        <pubDate>Wed, 03 Jun 2026 17:29:52 +0000</pubDate>

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                <title><![CDATA[Pay Your 2025 Tax in Full Before the First Installment for an Extra 5% Discount — TRNC Decree-Law 48/2026]]></title>
                <link>https://www.akmanco.com/en/blog/pay-your-2025-tax-in-full-before-the-first-installment-for-an-extra-5-discount-trnc-decree-law-482026</link>
                <description><![CDATA[The North Cyprus Council of Ministers has introduced a one-off early-payment discount for 2025 corporate and personal income tax through Decree-Law No. 48/2026, published in TRNC Official Gazette No. 79 on 24 April 2026. Under the literal wording of the decree, taxpayers who settle the full 2025 lia...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Wed, 03 Jun 2026 08:20:10 +0000</pubDate>
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                <title><![CDATA[Effective 15 April 2026, North Cyprus's YGK 45/2026 introduces a 7.5% flat-rate one-time settlement for undistributed corporate retained earnings. Deadline 31 July 2026]]></title>
                <link>https://www.akmanco.com/en/blog/effective-15-april-2026-north-cypruss-ygk-452026-introduces-a-75-flat-rate-one-time-settlement-for-undistributed-corporate-retained-earnings-deadline-31-july-2026</link>
                <description><![CDATA[Effective 15 April 2026, North Cyprus's Decree-Law 45/2026 (YGK 45/2026), published in Official Gazette No. 70, allows TRNC corporate taxpayers to distribute retained earnings accumulated on their balance sheets up to 31 December 2025 at a flat 7.5% withholding rate. The Decree was approved by the C...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Wed, 03 Jun 2026 14:13:53 +0000</pubDate>
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                <title><![CDATA[ New Regulation on Work Permits for Foreign Nationals: Deadline Extension Applications No Longer Accepted]]></title>
                <link>https://www.akmanco.com/en/blog/new-regulation-work-permits-foreign-nationals-deadline-extension-applications-no-longer-accepted</link>
                <description><![CDATA[The TRNC Ministry of Labour and Social Security has introduced a significant regulation to ensure that work permit procedures for foreign nationals are conducted more effectively and in compliance with existing legislation. As of 13 April 2026, the committee application process for overdue work perm...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Wed, 03 Jun 2026 17:29:52 +0000</pubDate>
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                <title><![CDATA[New Rule on Wage Payments in TRNC: Bank/Cooperative Transfer Requirement for Employers with 5+ Employees (Effective 31 March 2026)]]></title>
                <link>https://www.akmanco.com/en/blog/trnc-wage-payments-bank-transfer-requirement-5-employees-march-31-2026</link>
                <description><![CDATA[A key change to wage payments is coming into force under the Labour (Amendment) Law. Starting from 31 March 2026, if the total number of employees working in workplaces belonging to the same employer is at least 5, the employer must pay each employee’s net wage (the amount remaining after statutory...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Wed, 03 Jun 2026 16:48:02 +0000</pubDate>
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                <title><![CDATA[TRNC New Minimum Wage Rates Effective From  January 1, 2026]]></title>
                <link>https://www.akmanco.com/en/blog/trnc-new-minimum-wage-rates-effective-from-january-1-2026</link>
                <description><![CDATA[With the decision published in the Official Gazette on January 9, 2026, the minimum wage has been updated, effective from January 1, 2026. The new minimum wage rates are as follows:Monthly Gross Minimum Wage: 60,618.00 TLWeekly Gross Minimum Wage: 13,988.76 TLLDaily Gross Minimum Wage: 2,797.75 TLHo...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Wed, 03 Jun 2026 16:08:17 +0000</pubDate>
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                <title><![CDATA[2025 Income Second First Installment Deadline Approaching]]></title>
                <link>https://www.akmanco.com/en/blog/2025-income-second-first-installment-deadline-approaching</link>
                <description><![CDATA[We would like to remind you that the deadline for the second installment of income tax payment is approaching. Please ensure that you complete your income tax payments by November 30, 2025. Paying your tax by this date will help you avoid potential late payment penalties.]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Wed, 03 Jun 2026 03:40:13 +0000</pubDate>
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                <title><![CDATA[Stamp Duty Relief: 95% Penalty Waiver for Agreements Executed up to 31 December 2024]]></title>
                <link>https://www.akmanco.com/en/blog/stamp-duty-penalty-waiver-for-agreements-up-to-31-dec-2024</link>
                <description><![CDATA[A Decree Having the Force of Law has been issued to accelerate the collection of stamp duty and the related penalties arising from agreements executed on or before 31 December 2024 but not paid on time under the Stamp Law. The purpose of the Decree is to speed up collection by granting penalty relie...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Wed, 03 Jun 2026 10:32:10 +0000</pubDate>
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                <title><![CDATA[New Decree for Rent Arrears at the Department of Industry & Free Port: Periods up to 2024]]></title>
                <link>https://www.akmanco.com/en/blog/new-decree-for-rent-arrears-at-the-department-of-industry-free-port-periods-up-to-2024</link>
                <description><![CDATA[A new decree facilitates the collection of rent arrears for 2024 and earlier relating to premises leased from the Department of Industry and the Free Port &amp; Zone Directorate. The aim is to ease cash flow for businesses while accelerating public collections.Who is eligible?Lessees with unpaid ren...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Tue, 02 Jun 2026 22:32:25 +0000</pubDate>
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                <title><![CDATA[Social Insurance Premium Debts (2010–2025): Practical Guide to the New Relief]]></title>
                <link>https://www.akmanco.com/en/blog/trnc-social-insurance-premium-payment-plan-2010-2025</link>
                <description><![CDATA[Scope: Unpaid premium debts and related late-payment surcharges for the period 01.01.2010–31.07.2025.&nbsp;Application: To the Social Insurance Department within 1 month from the Official Gazette publication date (with identity/contact details). The authority confirms the application in writing with...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Wed, 03 Jun 2026 10:24:10 +0000</pubDate>
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                <title><![CDATA[Northern Cyprus Sets 40 % Cap on Housing & Meal Support for Foreign Workers]]></title>
                <link>https://www.akmanco.com/en/blog/northern-cyprus-sets-40-cap-on-housing-meal-support-for-foreign-workers</link>
                <description><![CDATA[In the Turkish Republic of Northern Cyprus (TRNC), an amendment concerning the accommodation and meal allowances granted to foreign nationals brought from countries with which the TRNC has no labour-force agreement has entered into force. This amendment has been made within the scope of the 1975 Min...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Wed, 03 Jun 2026 06:39:08 +0000</pubDate>
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                <title><![CDATA[TRNC New Minimum Wage Rates Effective From July 1, 2025]]></title>
                <link>https://www.akmanco.com/en/blog/trnc-new-minimum-wage-rates-effective-from-july-1-2025</link>
                <description><![CDATA[With the decision published in the Official Gazette on July 31, 2025, the minimum wage has been updated, effective from July 1, 2025. The new minimum wage rates are as follows:Monthly Gross Minimum Wage: 51,202 TLWeekly Gross Minimum Wage: 11,815.84 TLDaily Gross Minimum Wage: 2,363.16 TLHourly Gros...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Wed, 03 Jun 2026 06:38:54 +0000</pubDate>
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                <title><![CDATA[Update to Work Permit Law: 15-Day Rule for Employment Termination Notifications]]></title>
                <link>https://www.akmanco.com/en/blog/work-permit-law-update-15-day-employment-termination-notification</link>
                <description><![CDATA[Work Permit Law Updated: Pay Attention to Termination NotificationsEmployers who employ a foreign national worker with a work permit are now obliged to notify the Ministry and other relevant authorities within 15 (fifteen) days after the termination of the employment relationship, regardless of the...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Wed, 03 Jun 2026 09:58:03 +0000</pubDate>
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                <title><![CDATA[Corporate Tax Payment Deadline is Approaching]]></title>
                <link>https://www.akmanco.com/en/blog/corporate-tax-payment-deadline-may-31-2025</link>
                <description><![CDATA[The corporate tax payment deadline is approaching. We would like to remind you to complete your corporate tax payments by June 2, 2025. Paying your taxes by this date will help you avoid potential late fees.]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Wed, 03 Jun 2026 11:14:25 +0000</pubDate>
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                <title><![CDATA[2025 Social Insurance Premium Support: A Guide for North-Cyprus Employers]]></title>
                <link>https://www.akmanco.com/en/blog/2025-social-insurance-premium-support-guide</link>
                <description><![CDATA[On May 15, 2025, a new Decree with the Force of Law came into effect. According to this decree, a significant portion of social insurance premiums will be covered by the government from May to December (for 8 months). Here is a quick guide to easily benefit from this support:Purpose of the Decree&nb...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Wed, 03 Jun 2026 06:41:08 +0000</pubDate>
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                <title><![CDATA[Important Update on 2025 VAT Amendments]]></title>
                <link>https://www.akmanco.com/en/blog/1-january-2025-vat-correction</link>
                <description><![CDATA[Değerli Müşterilerimiz,Katma Değer Vergisi (KDV) oranlarında yapılan son değişiklikleri bugün tekrar yayınlanan tüzük ile yürürlükten kaldırılmıştır.&nbsp;]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Wed, 03 Jun 2026 11:42:34 +0000</pubDate>
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                <title><![CDATA[Income Second First Installment Deadline Approaching]]></title>
                <link>https://www.akmanco.com/en/blog/income-tax-second-installment-deadline</link>
                <description><![CDATA[We would like to remind you that the deadline for the second installment of income tax payment is approaching. Please ensure that you complete your income tax payments by November 30, 2024. Paying your tax by this date will help you avoid potential late payment penalties.]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Wed, 03 Jun 2026 11:14:56 +0000</pubDate>
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                <title><![CDATA[Changes in Public Debt Interest Rates ]]></title>
                <link>https://www.akmanco.com/en/blog/changes-in-public-debt-interest-rates-1548-2024</link>
                <description><![CDATA[The Cabinet has made a adjustment to the late payment interest rates applicable to public debts, effective from September 1, 2024. The interest rate for public debts denominated in Turkish Lira will be set at 5% for the first month and 4% for each subsequent month. This change will lead to an increa...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Wed, 03 Jun 2026 12:32:51 +0000</pubDate>
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                <title><![CDATA[Income Tax First Installment Deadline Approaching]]></title>
                <link>https://www.akmanco.com/en/blog/income-tax-first-installment-deadline</link>
                <description><![CDATA[We would like to remind you that the deadline for the first installment of income tax payment is approaching. Please ensure that you complete your income tax payments by July 31, 2024. Paying your tax by this date will help you avoid potential late payment penalties.]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Wed, 03 Jun 2026 13:55:22 +0000</pubDate>
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                <title><![CDATA[Latest Update on Turkish Cypriot Social Insurance Law: Premium Support Decree March 2024- February 2025]]></title>
                <link>https://www.akmanco.com/en/blog/turkish-cypriot-social-insurance-law-update-premium-support-2024-2025</link>
                <description><![CDATA[We are excited to share critical information about the newly enacted decree on premium support, applicable for the period of March 2024 - February 2025, as part of the latest update to the Turkish Cypriot Social Insurance Law. This update brings significant changes that both employers and employees...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Wed, 03 Jun 2026 11:06:43 +0000</pubDate>
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                <title><![CDATA[Comprehensive Guide to Protecting Against Ransomware Threats]]></title>
                <link>https://www.akmanco.com/en/blog/protecting-against-ransomware-threats-guide</link>
                <description><![CDATA[Ransomware attacks have become one of the most significant cyber threats facing both individuals and organizations in recent years. These malicious programs can seriously disrupt your work and personal life by holding your important data hostage for ransom. In this blog post, we will delve into how...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Wed, 03 Jun 2026 02:18:16 +0000</pubDate>
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