Minimum Wages in Turkey with effect from 01-07-2015 to 31-12-2015

Revision is expected.

Last update: 14-01-2016

Currency: TRY (Lira (Türkiye))

Minimum Wage per Month
1,273.50 Days per month specified: 26 Hours per month specified: 195

Notes / Footnote

Net Minimum Wage and the Cost of Minimum Wage to the Employer
01.07.2015 - 31.12.2015
Calculation of the Net Minimum Wage (TL/Month)
Minimum Wage	1,273.50
Social Security Institution premium 14%	178.29
Unemployment Insurance Fund 1%	12.74
Income Tax 15% (*)	72,26(*)
Minimum Livelihood Discount	90.11
Stamp Duty 07,59%	9.67
Total Reductions	272.96
Net Minimum Wage	1000,54(**)

Cost to the Employer (TL/Month)
Minimum Wage		1,273.50
Social Security Institution premium 15.5% (***)		197.39
Employer Unemployment Insurance Fund 2%		25.47
Total Cost		1,496.36

Net Minimum Wage for Doormen and the Cost to the Employer ()
Calculation of the Net Minimum Wage (TL/Month)
Minimum Wage	1,273.50
Social Security Institution premium 14%	178.29
Unemployment Insurance Fund 1%	12.74
Net Minimum Wage	1,082.47

Cost to the Employer (TL/Month)
Minimum Wage	1,273.50
Social Security Institution premium 15.5%	197.39
Employer Unemployment Insurance Fund 2%	25.47
Total Cost	1,496.36

(*)In accordance with the 32. principle of the Income Tax Law 193, it is assumed that the worker is single and has no children, and the

minimum livelihood discount is applied accordingly.

(**)Minimum livelihood discount is added to the net minimum wage.

(***)The calculations are made considering the discount applied to employers who comply with the (i) section of the 81. principle of the law number 5510. For employers who do not comply with this law, the preimum is 20.5%.

(****)Doormen are exempt from Income tax (based on the 23. principle of the Income Tax Law 193) and from Stampt Duty (based on the 34.law paragraph in the fourth section of the second table of the Stamp Duty Law 488)