Wages occupy a special place in labor law. Labor Law no 4857 Article 32 regulates the basics of wage that is considered to be an essential factor for an employee to sustain his life. In that context, the wage is defined as “the amount provided and paid in cash to a person by the employer or third persons in exchange for work.”
It is also indicated in the aforesaid article that wage, premium and payments within this framework can be paid through bank accounts. “Regulation No. 27058, regarding the Payment of Wages, Premiums, Bonuses and Any Other Remuneration through Banks” is published in the official gazette dated 18.11.2008. In accordance with the regulation, taking effect on 01.01.2009, those who employ at least 10 employees will pay wages, premiums, bonuses and all such remuneration of employees through banks. The rhe reason of the payment shall be mentioned in the payment statement and gross payment obligation may be stipulated with regards to the payments in special circumstances. In accordance with the regulation that will take effect on 01.01.2009, employers who do not comply with the regulation are subject to an administrative fine by the relevant articles of Labor Law no 4857.