Minimum wage to be paid to Foreigners employed with work permit is determined by Labor and Social Security Ministry according to their positions and competence. As is known minimum wage for Turkish citizens are determined by a special committee. However the salary of a foreign employee cannot be less than …
Read More »Is There Any Premium Support for Cultural Investments and Initiatives?
Yes, the Law on the Encouragement of Cultural Investments and Initiatives No. 5225 provides SSI premium support for Establishments that have “Culture Investment License” and “Culture Initiatives License” As per the article 5 of above said law, * 50% of the employer’s SSI premium share calculated over the earnings of …
Read More »Electronic Signature Required In New Work Permit Application System
Work permit application system of foreigners is renewed and the new system has come into service as of 26th February 2018. According to announcement in Ministry of Labor and Social Security’s website the following points should be taken into consideration.
Read More »Tax Exemption For Crèche And Day Care Center Services
Crèche and day care center services provided for working mothers’ preschoolers will be exempt from income tax. In other words these benefits, up to a point, will not be considered part of the wage and no withholding tax applied. In case this service is not provided in the workplace, payment …
Read More »Support for Additional Employment Extended
Social security premium and tax support for private sector employers, who employ persons amongst the registered unemployed of İŞKUR as an addition to the number personnel in the workplace, is arranged in the appended provisional articles (19 and 21) of the Law No 4447. SOCIAL SECURITY PREMIUM SUPPORT Valid between …
Read More »Mutual Terminaton Payments will be Considered as Wage
Some compensation related to termination of employment paid in the scope of mutual termination agreement, work loses compensation, job security compensation, and end of work compensation will be considered as wage. However, part of these total payments not exceeding the amount of severance pays will be exempt from income tax. …
Read More »2017 Payroll Parameters
2017 payroll parameters have been announced.
Read More »2018 Payroll Parameters
PAYROLL PARAMETERS 2018 APPLICATION NAMES TRY DAILY MINIMUM GROSS SALARY MONTHLY MINIMUM GROSS SALARY 67,65 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 …
Read More »2018 Minimum Living Allowance
Minimum Wage 2018 has been announced as Gross 2.029,50 TRY, Net 1.603,12 TRY to be implemented al through the year. So the minimum living allowance is changed like other payroll parameters which are strictly connected with minimum wage. Part of the wage that constitutes the amount of minimum subsistence level …
Read More »2018 Minimum Wage Announced
Minimum Wage 2018 has been announced as Gross 2.029,50 TRY, Net 1.603,12 TRY to be implemented al through the year. Minister of Labor and Social Security revealed the decision of Minimum Wage Fixing Board in a press conference today that Turkey’s monthly net minimum wage is increased from 1.404,06 TRY …
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