- Country Guide
- Turkey
Turkey
Last Update by Katie, 18 Jul 2024
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Exchange Rate
18 Sep 2024
Cost of Living
Indicative value for a working adult in a city: Instanbul
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
| Living Requirement | Indicative Amount (TRY) |
|---|---|
| McDonalds Set Meal | 204 |
| Monthly Train and Bus Tickets | 1,177 |
| 3 Bedrooms Rental (City Center) | 52,000 |
| 3 Bedrooms Rental (Outskirt) | 28,000 |
Current Inflation Rate
67%
Wage
Minimum Wages
- The statutory net monthly minimum wage is 17,002.12 TRY
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
| Job Level | Monthly Salary (TRY) |
|---|---|
|
Entry-Level
Fresh Graduate
|
17,002.12 |
|
Mid-Level
5 Years
|
30,000 |
|
Experienced & Managerial Level
10 Years
|
38,000 |
|
Specialized & Senior-Level
15 Years
|
50,000 |
Annual Salary Growth
5.5%
Statutory Contribution
If payments for Social Security are paid in a timely manner, the employer can apply for a 5% discount (Incentive No. 5510)
SSI Base is 20,002.50 TRY and Ceiling is 150,018.90 TRY.
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| Short-Term Insurance Branch Premium | 2% | - | All staff |
| Pension & Disability | 11% | 9% | All staff |
| General Health Insurance | 7.5% | 5% | All staff |
| Unemployment Insurance | 2% | 1% | All staff |
Other Benefit
Other common employment benefits in Turkey include:
- Pension Allowance: Around1,560 TNY / year
- Health Insurance Allowance: Up to 11,000 TNY / Year
- Meal Allowance: 110 TNY / day
Income Tax
Residents
-
Tax rates from 1st January - 31st December 2024
The annual tax return for the year has to be filed by 31 March-no extensions available
Country Level
| Taxable Income | Rate |
|---|---|
| Up to 110,000.00 | 15% |
| 110,000.01 - 230,000 | 20% |
| 230,000.01 - 870,000 | 27% |
| 870,000.01 - 3,000,000 | 35% |
| Over 3,000,000.01 | 40% |
Non-residents
- Non-Residents are taxed on Turkish-source earnings only. Same tax rate applies. Non-residents leaving Turkey have to settle full tax liability within 15 days before departure.
Working Hours
Statutory
45 hours
9 hours a day, 5 days a week
Typical practice
45 hours
Monday - Friday
Overtime
Starts after the 45th hour of work unless otherwise specified in the contract
- - Staff cannot work more than 11 hours daily inclusive of overtime
- The total number of overtime hours cannot be over 270 per year - - Compensation for overtime is 50% more than the normal rate of pay
- Staff can be compensated with free time instead, at the rate of 1.5 hours per hour of overtime work.
- Written consent from the employee is required to request the employee work on public holidays
Employment Contract
Fixed-Term
Used for specific tasks or projects
Contract Format
Can be oral but written form is required after two months from beginning of employment.
Written in Turkish, other languages can be used internally but every communication with the Government must be in Turkish.
Payroll Currency
TRY, EUR accepted
Probation
Individual agreements: 1-2 months
Collective agreements: up to 4 months
Contract Period
Minimum for 3 months and cannot be renewed consecutively without reason otherwise, contracts are considered permanent
Termination
-
Notice during and after probation for staff and employers
- No notice required -
Severance:
- None due, only staff with 1 year service qualify
Public Holiday
15 days (National and Religious)
Country Level
| Date | Name |
|---|---|
| 01 Jan | New Year's Day |
| 10 Apr - 12 Apr | Ramazan Bayrami Holiday |
| 23 Apr | Children's Day |
| 01 May | Labor Day |
| 19 May | Commemoration of Atatürk, Youth and Sports Day |
| 16 Jun - 19 Jun | Kurban Bayrami Holiday |
| 15 Jul | Democracy and National Unity Day |
| 30 Aug | Victory Day |
| 29 Oct | Republic Day |
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave | At least 14 working days | All staff |
| Maternity Leave | 16 weeks | All expectant mothers |
| Paternity Leave | 5 working days | All expectant fathers |
| Sick Leave | 6 weeks plus notice period | All staff |
| Bereavement Leave | 3 working days | All staff |
| Marriage Leave | 3 working days | All staff |
| Military Leave | 90 Calendar days | All staff |
Reference
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Contact UsCountry Guide - Turkey
Last updated: 18 Jul 2024
Exchange Rate
Currency (TRY)
- 1 CNY = 0.185 TRY
- 1 USD = 1.32 TRY
Other currencies can be retrieved via the country guide link above.
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Labor Cost Calculator
To know the total employer cost for hiring a staff with certain salary, please go to our main site: https://marcopayroll.com
Cost of Living
Indicative value for a working adult in a city: Instanbul
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
| Living Requirement | Indicative Amount (TRY) |
|---|---|
| McDonalds Set Meal | 204 |
| Monthly Train and Bus Tickets | 1,177 |
| 3 Bedrooms Rental (City Center) | 52,000 |
| 3 Bedrooms Rental (Outskirt) | 28,000 |
Current Inflation Rate
67%
Wage
Minimum Wages
- The statutory net monthly minimum wage is 17,002.12 TRY
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
| Job Level | Monthly Salary (TRY) |
|---|---|
|
Entry-Level
Fresh Graduate
|
17,002.12 |
|
Mid-Level
5 Years
|
30,000 |
|
Experienced & Managerial Level
10 Years
|
38,000 |
|
Specialized & Senior-Level
15 Years
|
50,000 |
Annual Salary Growth
5.5%
Statutory Contribution
If payments for Social Security are paid in a timely manner, the employer can apply for a 5% discount (Incentive No. 5510)
SSI Base is 20,002.50 TRY and Ceiling is 150,018.90 TRY.
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| Short-Term Insurance Branch Premium | 2% | - | All staff |
| Pension & Disability | 11% | 9% | All staff |
| General Health Insurance | 7.5% | 5% | All staff |
| Unemployment Insurance | 2% | 1% | All staff |
Other Benefit
Other common employment benefits in Turkey include:
- Pension Allowance: Around1,560 TNY / year
- Health Insurance Allowance: Up to 11,000 TNY / Year
- Meal Allowance: 110 TNY / day
Income Tax
Residents
-
Tax rates from 1st January - 31st December 2024
The annual tax return for the year has to be filed by 31 March-no extensions available
Country Level
| Taxable Income | Rate |
|---|---|
| Up to 110,000.00 | 15% |
| 110,000.01 - 230,000 | 20% |
| 230,000.01 - 870,000 | 27% |
| 870,000.01 - 3,000,000 | 35% |
| Over 3,000,000.01 | 40% |
Non-residents
- Non-Residents are taxed on Turkish-source earnings only. Same tax rate applies. Non-residents leaving Turkey have to settle full tax liability within 15 days before departure.
Working Hours
Statutory
45 hours
9 hours a day, 5 days a week
Typical practice
45 hours
Monday - Friday
Overtime
Starts after the 45th hour of work unless otherwise specified in the contract
- - Staff cannot work more than 11 hours daily inclusive of overtime
- The total number of overtime hours cannot be over 270 per year - - Compensation for overtime is 50% more than the normal rate of pay
- Staff can be compensated with free time instead, at the rate of 1.5 hours per hour of overtime work.
- Written consent from the employee is required to request the employee work on public holidays
Employment Contract
Permanent
Probation
Individual agreements: 1-2 months
Collective agreements: up to 4 months
Termination
-
Notice during probation for staff and employers:
- No notice required -
Voluntary resignation and involuntary termination:
- Under 6 months' service: 2 weeks
- 6 months -1.5 years' service: 4 weeks
- 1.5 - 3 years' service: 6 weeks
- 3+ years' service: 8 weeks -
Severance:
- Staff with 1 year service qualify
- Exempt from Income tax, but subjected to stamp tax
- Typically 1 months' gross salary for each year of service
- Calculation based on the last month's gross salary, includes all benefits, allowance and premiums
Fixed-Term
Used for specific tasks or projects
Probation
Individual agreements: 1-2 months
Collective agreements: up to 4 months
Termination
-
Notice during and after probation for staff and employers
- No notice required -
Severance:
- None due, only staff with 1 year service qualify
Public Holiday
15 days (National and Religious)
2024
| Date | Name |
|---|---|
2025
| Date | Name |
|---|---|
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave | At least 14 working days | All staff |
| Maternity Leave | 16 weeks | All expectant mothers |
| Paternity Leave | 5 working days | All expectant fathers |
| Sick Leave | 6 weeks plus notice period | All staff |
| Bereavement Leave | 3 working days | All staff |
| Marriage Leave | 3 working days | All staff |
| Military Leave | 90 Calendar days | All staff |
Reference
Contact Info
-
Singapore (Headquarters)
8 Marina Boulevard, MBFC Tower 1, #11-01, Singapore, 018981
+65 6653 4334 -
China (Headquarters)
79 Jianguo Road, China Central Place Tower 2, #09-52, Beijing, 100025
+86 10 6580 0555 -
China (Service Center)
23 Dagong Street, Eton Place Tower 2, Unit 1808, Dalian, 116001
-
United States
445 S Figueroa St, 31st Floor, Los Angeles, California, 90071
-
United Kingdom
71 - 75 Shelton Street, London, England GB
-
Netherlands
Vijzelstraat 68, 1017 HL, Amsterdam
-
Australia
Level 22, Salesforce Tower, 180 George Street, Sydney, NSW 2000