|PAYROLL PARAMETERS 2018|
|DAILY MINIMUM GROSS SALARY
MONTHLY MINIMUM GROSS SALARY
|MONTHLY MINIMUM GROSS SALARY||2.029,50|
|NET MINIMUM WAGE (MLA İNCLUDED)||1.603,12|
|NET MINIMUM WAGE (WITHOUT MLA)||1.450,91|
|DAILY SSI PREMIUM EARNINGS BASE/Minimum LIMIT||67,65|
|DAILY SSI PREMIUM EARNINGS BASE/Maximum LIMIT||507,38|
|MONTHLY SSI PREMIUM EARNINGS BASE/MINIMUM LIMIT||2.029,50|
|MONTHLY SSI PREMIUM EARNINGS BASE / MAXIMUM LIMIT (7,5* monthly gross min wage)||15.221,40|
|CHILD ALLOWANCE EXCEPTION/SSI (2% of min wage)||40,59|
|CHILD ALLOWANCE EXCEPTION/INCOME TAX (over 6)||27,14|
|CHILD ALLOWANCE EXCEPTION/INCOME TAX (ages 0-6)||54,28|
|FAMILY ALLOWANCE EXCEPTION/SSI (10%*min wage)||202,95|
|DAILY MEAL ALLOWANCE EXCEPTION/SSI (CASH)||4,06|
|DAILY MEAL ALLOWANCE EXCEPTION/INCOME TAX (MEAL CARD)||16|
|Private Pension+ private health insurance premium exception/premium earning base||608,85|
|TAXABLE INCOME BRACKET /% 15||0 – 14.800|
|TAXABLE INCOME BRACKET /% 20||14.800 – 34.000|
|TAXABLE INCOME BRACKET /% 27||34.000 – 120.000|
|TAXABLE INCOME BRACKET /% 35||Over 120.000|
|1st GRADE DISABILITY INCOME TAX REDUCTION||1000|
|2nd GRADE DISABILITY INCOME TAX REDUCTION||530|
|3rd GRADE DISABILITY INCOME TAX REDUCTION||240|
|SEVERANCE AMOUNT LIMIT (TRY/Year)||5.001,76|
|STAMP TAX RATE||0,00759|
|MINIMUM LIVING ALLOWANCE||TRY|
|Single/Spouse working + 0 kid||152,21|
|Single/Spouse working + 1 kid||175,05|
|Single/Spouse working + 2 kidS||197,88|
|Single/Spouse working + 3 kidS||228,32|
|Single/Spouse working + 4 kidS||243,54|
|Single/Spouse working + 5 kidS||258,76|
|Married+Non working Spouse+0 kid||182,66|
|Married+Non working Spouse+1 kid||205,49|
|Married+Non working Spouse+2 kidS||228,32|
|Married+Non working Spouse+3 kidS||258,76|
January, February and March 2017 premium payments of private sector employees who benefit from Treasury’s minimum wage support will be postponed to last three month of the 2017, respectively to October, November and December, according to omniums bill which is accepted in the Parliament’s related commission and expected to be in force before the end of the year.
2017 tax parameters have been announced very recently. Here are the new numbers;
Government’s minimum wage support, aimed to reduce the increased employment cost arising from %30 minimum wage hike in 2016, will continue during the 2017, according to omniums bill (colloquially known bag law) which is accepted in the Parliament’s related commission and is being discussed in the General Assembly at present.
Employers have received daily 3,33 premium refund throughout 2016 for each worker whose wage (earnings subject to premium) were notified under daily gross 85 TL (monthly gross 2.550.00 TL) in 2015, and for each personnel employed in new enterprises established/registered within 2016. The support is applied by setting-off the support amount (daily 3,33 TL) from the premium debts of the related month.
As the effect date of Private Pension system (1st January 2017) is approaching, implementation details becomes clearer by issuance of regulations one after another.
As is known, “Private Pension System”, which is complementary to the mandatory state social security scheme in Turkey has been introduced by Law No. 6740 and will enter into force on 1st January 2017.
Turkish citizen employees who are under the 45 years of age and working against wage under a service contract (in the scope of Law No. 5510, articles 4/a, and 4/c) will be automatically enrolled in a pension plan arranged by employers. Participant employees may have the right of withdrawal from the system within two months.
Now with the new regulation that made some amendments on the regulations issued before, following points are rearranged.
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