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Turkey

Basic Economic Summary

Overview

  • Local Languages: Kurdish, Arabic, Zazaki
  • Capital: Ankara
  • Currency: Turkish Lira
  • Population: 82 million
  • Date Format: dd/mm/yyyy

Useful Information

  • GDP Per Capita (in USD): 9,126.56 USD
  • Exchange Rate (TRY/USD): 0.116956

Local Universities

Top Local Universities

University Rankings
Middle East Technical University (METU) Ranking in Turkey: 1, World Ranking: 498
Boğaziçi Üniversitesi Ranking in Turkey: 4, World Ranking: 624
Koç University Ranking in Turkey: 8, World Ranking: 842
Bilkent University Ranking in Turkey: 7, World Ranking: 758
Ankara University Ranking in Turkey: 5, World Ranking: 718

Salary Data

Average Salary of Jobs (Per Month)

The table below shows the average salaries of some jobs in Turkey. Please refer to SalaryExplorer for more information.

Job Title Average Salary Range (TRY) Average Salary Range (USD)
Surgeons/Doctors 14,600 to 45,200 1,710.35 - 5,295.07
Judges 12,200 to 37,900 1,429.20 - 4,439.62
Lawyers 9,900 to 30,700 1,159.86 - 3,596.74
Bank Managers 9,320 to 28,900 1,091.91 - 3,386.25
Chief Executive Officer 8,740 to 27,100 1,024.08 - 3,175.89
Chief Financial Officers 8,160 to 25,300 956.22 - 2,963.98

Talent Sourcing Tips

Taxes

Employer Payroll Tax

The employer payroll tax is calculated as follows:

Category Rate
Short term Social Security Contributions 2%
Unemployment Insurance 2%
Health Insurance 7.5%
Disability, Old-Age and Death 11%
Total 22.5%

Employee Payroll Tax

The employee payroll tax is calculated as follows:

Category Rate
Disability, Old-Age and Health 9%
Unemployment Insurance 1%
Health Insurance 5%
Total 15%

Employee Monthly Income Tax

The income tax rate in Turkey is as follows:

Taxable income (TRY) Tax on column 1 (TRY) Tax on excess (%)
Over Not over
0 24,000 - 15
24,000 53,000 3,600 20
53,000 190,000 9,400 27
190,000 650,000 46,390 35
650,000 207,390 40

Minimum Wage & Payroll

Minimum Wage

The minimum monthly gross pay in Turkey is TRY 3,577.50.

Payroll Cycle

The employee must be paid monthly.

Bonus

13th month salary

There is no provision for 13th month salary.

Working Hours & Statutory Leave

Working hours

The standard number of working hours in Turkey is upto 45 hours a week.

Overtime pay

Employees who work overtime are remunerated to 1.5 times of their normal hourly rate. The maximum overtime hours cannot exceed 270 hours in the entire year.

Public Holidays

Number of national holidays is 16 days. The list of holidays can be found here.

Leaves

Annual Paid Leave

Employees in Turkey are entitled to a paid leave once they have completed one year of service. The leave is allocated as follows: 

  • 14 days if the employee has served 1 to 5 years of employment
  • 20 days if the employee has served 5 to 15 years of employment
  • 26 days if the employee has served 15 years of employment

Sick Leave

All employees are entitled to one week of paid sick leave. Extended sick leave might be given on an unpaid basis.

Parental Leave

Turkish law allows pregnant mothers to take a total of 16 weeks as maternity leave - 8 weeks before birth and 8 weeks after childbirth.

Fathers are allowed to take a paid leave of 3 days.

Offboarding & Termination

Termination Process

In Turkey, there are two types of termination - ordinary and extraordinary. There must be a specific reason for termination of the employee’s employment agreement

Notice Period

The notice period in Turkey depends on the length of employment:

  • For less than 6 months - 2 weeks
  • For a period of 6 months to 1.5 years - 4 weeks
  • For a period of 1.5 years to 3 years - 6 weeks
  • For a period longer than 3 years - 8 weeks

Severance Pay

If the employee has worked for one year, the employer must pay severance benefits at the rate of 30 days’ gross salary for each full year as the date of employment of service began.

Probation period

The probation period in Turkey is two months.

VAT

18%

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