Overview

Capital
Ankara
Currency
Turkish Lira
Date Format
dd/mm/yyyy

Taxes

Employer
2% - Short Term Insurance Branch Premium
11% - Invalidity, Old Age and Death Insurance Premium
7.5% - General Health Insurance
2% - Unemployment Insurance
Employee
9% - Invalidity, Old Age and Death Insurance Premium
5% - General Health Insurance
1% - Insurance BranchestEmployeeu2019s Allocation (%)tEmployeru2019s Allocation (%)tTotal Allocation (%) Short Term Insurance Branch Premiumtu2013t2t2 Invalidity, Old Age and Death Insurance Premiumt9t11t20 General Health Insurancet5t7,5t12,5 Unemployment Insurance

Minimum Wage

General

Minimum wage is 424EUR per month.

Payroll Contributions

Pension Fund

Employer: contributes 11% of the employees salary
Employee: contributes 9% of their wages

Health Insurance

Employer: 7.5%

Employee: 9%

Unemployment Insurance

Employer: 2%

Employee: 1%

 

Leave

Public Holidays

There are 14.5 public holidays per year.

Termination

Termination Process

The employer must provide two weeks notice to the employees who have been working less than 6 months. If they have been working between six to eighteen months, the employer must provide four weeks’ notice. Between eighteen months up to three years, the employer must provide six weeks’ notice. From three years and on, the employer must provide eight weeks’ notice.

Notice Period

The length of the notice varies from company to company. On average employers require one month notice.

Severance Pay

The severance pay amount is calculated by employees average monthly salary multiplied by number of the years the employee has been in the company.

VAT

General

VAT is 18% standard rate.