Turkish Labor Law
The regional incentive, which has been applied since 2013 in order to eliminate the regional imbalance, is now extended until 31 December 2019. As per Presidential Decree No. 305 issued in Official Gazette dated 25 December 2018, 6 point social security premium support for the companies established in 1st, 2nd …
Read More »Disability Tax Allowance 2019
Disability tax allowance is intended to decrease the income tax amount of the disabled employees. The amounts are determined depending on degree of disability by government every year in accordance with Article 31 of Income Tax Law No. 193. The employees may also benefit from this allowance for their disabled …
Read More »Cap of Severance Announced
Cap of severance pay (the upper limit) has been announced as 6.017,60 TRY/Year for the first half of the year. This limit will be applied within the period between 1 January 2019 and 30 June 2019. Qualified employees are paid a severance pay equal to the last 30 days’ gross …
Read More »2022 Payroll Parameters
You can find payroll parameters valid for 2022 1st term the below: 2022 PAYROLL PARAMETERS Minimum Wage 01.01.2022 – 30.06.2022 01.07.2022 – 31.12.2022 Minimum Wage – Monthly Gross 5,004 6,471 Minimum Wage – Monthly Net 4,253.4 5,500.35 Minimum Wage – Daily Gross 166.8 215.70 Minimum Wage – Hourly Gross 22.24 …
Read More »2019 SSI Premium Base Limits
In Turkey, both employees and employers pay social security premiums as a percentage of the gross base salary plus some other benefits. SSI base, also called “Earnings Subject to Premium,” has a lower and upper limit. In other words, the base cannot be lower or over these limits regardless of …
Read More »Income Tax Tariffs Announced
In Turkey, income tax rates are applied progressively by taking into consideration the yearly cumulative income tax base. As a result, income tax rate may vary from month to month during the year. There are 4 different income sections (tax brackets) to which different tax rates are applied. Also, these …
Read More »2019 Minimum Living Allowance and Net Wages
2019 Gross Monthly Wage has been determined as 2,558.40 TRY (net 2,020.91 for single employee) with a 26% wage hike. Employees’ net wages differ depending on their marital status, because of Minimum Living Allowance (MLA). Minimum Living Allowance (MLA/AGİ) is calculated on the basis of annual minimum wage in accordance …
Read More »Labor Cost of Employer in 2019
As we earlier informed you, 2019 monthly gross minimum wage has been determined as 2,558.40 Turkish Lira. This 26.05% wage hike is higher than the expected increase, and will considerably impact the labor cost of employer. Because minimum wage is a key determinant of many payroll parameters in Turkey, the …
Read More »2019 Minimum Wage Announced with 26% Hike
Minimum Wage 2019 has been announced as gross 2,558.40 TRY, net 2,020.91 TRY to be implemented all through the year. Minister of Family, Labor and Social Services revealed the decision of Minimum Wage Fixing Board at a press conference that Turkey’s monthly gross minimum wage is increased from 2,029.50 to 2,558.40 with a monthly 26% wage …
Read More »Electronic Notification Obligation Begins in the New Year
Electronic notification is a system enables entities to get their communication through e mails, text messages etc. instead of physical mails. In Turkey this system was started at 2016 for the income and corporate tax payers who are obligated to receive all the notifications sent by the tax offices. Now …
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