Turkey’s upper-middle-income income status is attributed to its ongoing economic and social development since the 2000s. They are considered as one of the world’s newly industrialized countries and rank as the 20th largest nominal GDP in the world. This has led to many employment opportunities for their workers and has generated more income for the country.
Turkey is also known for its remarkable response to the influx of refugees in their country. They have managed to set up camps and accommodation for Syrian refugees and have been a model for other European countries.
The table below shows the average salaries of some jobs in Turkey. Please refer to SalaryExplorer for more information.
The employer payroll tax is calculated as follows:
The employee payroll tax is calculated as follows:
The income tax rate in Turkey is as follows:
The minimum monthly gross pay in Turkey is TRY 3,577.50.
Employees are paid monthly in Turkey.
13th month salary
There is no provision for a 13th month salary.
The standard number of working hours in Turkey is upto 45 hours a week.
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.
The number of national holidays in the country is 16. The list of holidays can be found here.
Employees in Turkey are entitled to a paid leave once they have completed one year of service. The leave is allocated as follows:
All employees are entitled to one week of paid sick leave. Extended sick leave might be given on an unpaid basis.
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.
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
The notice period in Turkey depends on the length of employment:
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.
The probation period in Turkey is two months.
The social security scheme in Turkey covers a lot of benefits for employees working in the country. The following are the rates of contribution between the employers and employees:
There are no specific regulations for Employee share plans in Turkey nor are there established types of share plans being offered. However, employers may offer such benefits to their employees provided that they follow Turkish tax, capital markets, employment and commercial law rules.
The Sales Tax rate is projected to trend around 18% by 2022.