Turkish Labor Law
With the entry into 2024, updates to the payroll parameters and tax tariff were announced. According to the new regulation, wage income will be taxed taking into account the following amounts.
| Income Range | Tax Rate% |
| Up to 110,000 TL | 15% |
| 16,500 TL for 110,000 TL of 230,000 TL, for more | 20% |
| 40,500 TL for 230,000 TL of 870,000 TL, for more | 27% |
| 213,300 TL for 870,000 TL of 3,000,000 TL, for more | 35% |
| 958,800 TL for 3,000,000 TL of more than 3,000,000 TL, for more | 40% |
The new tax tariff can be summarized in another representation as follows;
| Rate | Base |
| 1st Tax Bracket % 15 | 0 – 110.000 |
| 2nd Tax Bracket % 20 | 110.000 – 230.000 |
| 3rd Tax Bracket % 27 | 230.000 – 870.000 |
| 4th Tax Bracket % 35 | 870.000 – 3.000.000 |
| 5th Tax Bracket % 40 | 3.000.000 + |
