News

2017 payroll parameters have been announced.

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 …

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 …

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 …

Taxpayers who pay their personal income and/or corporate taxes regularly on time will be benefiting from 5% tax discount in 2018. Tax reduction will be applied to income tax and corporate tax returns that must be filed as of 1st January 2018; and discount amount will not exceed one million …

Disability tax allowance amounts are determined depending on degree of disability by government every year in accordance with Article 31 of Income Tax Law No. 193. Monthly amounts to be deducted from taxable income base in 2018 are as follows: 1st Degree Disabled Employee, who lost at least 80% of …

One of the most important parameter in the calculation of wages is the income brackets and the tax rates applied to them. Withholding tax amount on the wages is calculated by taking into consideration the cumulative income tax base and the below rates which is determined for every year. The …

  General Directorate of International Workforce announced that work permit fees of Syrian Nationals under Temporary Protection are reduced to 200,00 TRY.   As per Turkish Act on Fees No. 492, temporary work permit (up to one year) fee is 537,50 TRY. However, this amount is decreased to 200,00 TRY …

In the New Year, notified occupational codes must reflect the truth; otherwise employers will be liable to an administrative fine.  Article 98/A of Income Tax Law No. 193 stipulated that, deducted taxes with tax bases, employees’ SSI premiums and total earnings, name of occupations and occupational codes as well as …

  We would like to remind you that the workplaces employing 10 (Inc.) to 50 (Exc) personnel will start to enter into contracts with pension companies and offer pension plans to the employees as of 1st January 2018..  As is known, Private Pension System, which is complementary to the mandatory state social security …