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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>Mon, 17 Aug 2026 00:00:00 +0000</pubDate>

                    <item>
                <title><![CDATA[Balance Sheet Regularisation in North Cyprus: Decree Law 92/2026]]></title>
                <link>https://www.akmanco.com/en/blog/balance-sheet-regularisation-north-cyprus-decree-92-2026</link>
                <description><![CDATA[North Cyprus has opened a three-month window for balance sheet regularisation. Decree Law 92/2026, published in the Official Gazette on 14 August 2026 and in force the same day, lets businesses bring onto their books inventory and fixed assets that were unrecorded, understated or overstated as at 31...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Mon, 17 Aug 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[Undistributed Corporate Profits in North Cyprus: A 15-Day Extra Filing Window]]></title>
                <link>https://www.akmanco.com/en/blog/undistributed-corporate-profits-filing-window-north-cyprus-2026</link>
                <description><![CDATA[North Cyprus has reopened the 7.5% withholding on undistributed corporate profits for a further 15 days. Decree Law 88/2026, published on 31 July 2026, changes only the filing period; in practice, those who already filed need do nothing, and those who missed the window can apply again on identical t...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Sun, 02 Aug 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[Social Security Contribution Rates in North Cyprus Permanently Revised]]></title>
                <link>https://www.akmanco.com/en/blog/social-security-contribution-rates-north-cyprus-2026</link>
                <description><![CDATA[Social security contribution rates in North Cyprus have been permanently revised. Decree No. 83/2026, published in Official Gazette No. 143 of 30 July 2026, resets the contribution shares payable for every person insured under the Social Security Law (73/2007) with effect from 29 July 2026. The decr...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Fri, 31 Jul 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[Relief on Overdue Social Insurance Contributions 2010-2026: Application and Payment Plans]]></title>
                <link>https://www.akmanco.com/en/blog/overdue-social-insurance-contributions-relief-2026</link>
                <description><![CDATA[The Council of Ministers has reduced the late-payment surcharge (gecikme zammı) on overdue social insurance contributions in North Cyprus. Two Decrees Having Force of Law, published in Official Gazette No. 143 of 30 July 2026 (Special Issue), cover contribution debts accrued between 1 January 2010 a...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Fri, 31 Jul 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[July-September 2026 Social Insurance Premium Support in North Cyprus: Scope and Rates]]></title>
                <link>https://www.akmanco.com/en/blog/july-september-2026-social-insurance-premium-support</link>
                <description><![CDATA[The Council of Ministers published two Decrees Having the Force of Law in Official Gazette Issue 143 of 30 July 2026 (Special Issue, Annex I, Section II) creating a three-month social insurance premium support for the July 2026 - September 2026 period: Decree No. 82/2026 and Decree No. 84/2026. The...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Fri, 31 Jul 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[North Cyprus Tax Amnesty 2026: Up to 90% of Penalties and Interest Waived on Pre-2025 Tax Debts]]></title>
                <link>https://www.akmanco.com/en/blog/north-cyprus-tax-amnesty-ygk-81-2026</link>
                <description><![CDATA[The North Cyprus tax amnesty 2026 is in force. Decree-Law 81/2026 waives up to 90% of penalties, surcharges and late-payment interest on tax debts for the 2024 and earlier taxation periods. The application deadline is 12 October 2026.
What is Decree-Law 81/2026 and when did it take effect?
The full...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Mon, 27 Jul 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[The new minimum wage rates in North Cyprus effective 1 July 2026 have been announced.]]></title>
                <link>https://www.akmanco.com/en/blog/minimum-wage-rates-north-cyprus-july-2026</link>
                <description><![CDATA[ The minimum wage in North Cyprus has been increased by 16.95 percent with effect from 1 July 2026, under a decision published in the Official Gazette on 17 July 2026. The new gross rates are: Monthly: 70,893.00 TL Weekly: 16,360.00 TL Daily: 3,271.98 TL Hourly: 408.99 TL Employers should update the...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Thu, 16 Jul 2026 00:00:00 +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>Sun, 26 Apr 2026 00:00:00 +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, 15 Apr 2026 00:00:00 +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>Tue, 07 Apr 2026 00:00:00 +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>Fri, 06 Feb 2026 00:00:00 +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>Fri, 09 Jan 2026 00:00:00 +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>Mon, 24 Nov 2025 00:00:00 +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>Sat, 23 Aug 2025 00:00:00 +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. 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 within 1...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Sat, 23 Aug 2025 00:00:00 +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 & Zone Directorate. The aim is to ease cash flow for businesses while accelerating public collections.Who is eligible?Lessees with unpaid rents r...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Sat, 23 Aug 2025 00:00:00 +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>Thu, 31 Jul 2025 00:00:00 +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>Thu, 31 Jul 2025 00:00:00 +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, 04 Jun 2025 00:00:00 +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>Fri, 30 May 2025 00:00:00 +0000</pubDate>
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