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2.3 Other withholding

Commentary

2.3.2 Minimum wage/ stamp duty tax exemptions | Turkey

Turkey

The monthly minimum wage in 2024 is TRY 20,002.50. The net minimum wage for the employee after SSI premium of 14% and unemployment insurance of 1% is TRY 17,002.12, as detailed below. The income tax due at 15% on this amount is TRY 2,550.32. This is the amount of the income tax exemption in 2024.

The stamp duty exemption is 0.759% (2.3.1) of the gross minimum wage.

2024 Minimum wage sample calculation (monthly)

Gross minimum wageTRY 20,002.50
SSI employee (14%)TRY 2,800.35
Unemployment employee (1%)TRY 200.03
Total deductionTRY 3,000.38
Net minimum wageTRY 17,002.12

(Gov.tr)

2024 Minimum wage employer sample cost calculation

Gross minimum wageTRY 20,002.50
SSI employer (20.5%)TRY 4,100.51
Unemployment

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Web page updated on 28 Aug 2024 11:55