Minimum Monthly Wage (gross and net)

	USD
Net Minimum Wage	425.23
Gross Minimum Wage	538.33
Social security premium payment (14%)	75.37
Payment for the unemployment insurance fund (1%)	5.38
Income tax (15%)*	28.26
Minimum living allowance**	40.37
Stamp tax (0.759%)	4.08
Total Deduction	113.10
Cost for Employer
Gross minimum wage	538.33
Employer’s share of the social security premium (15.5%)***	83.44
Employer's payment for the unemployment insurance fund (2%)	10.77
Total Cost for Employer	632.54
* Calculation of income tax is [(538.33 - 75.37 - 5.38) x 0.15] - 40.37 For single individuals without children, and may vary according to marital status and the number of children. * For premiums that are paid in due time, as an incentive, a five-point reduction is applied (down from 20.5% to 15.5%). Source: Ministry of Labor and Social Security Valid for January 1, 2018 – December 31, 2018 USD 1 = TRY 3.77 as of December 2017 For more information visit http://www.invest.gov.tr/en-US/investmentguide/investorsguide/Pages/BusinessPremises.aspx

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