Information about Türkiye Minimum wage and taxes.

Minimum wage in Turkey is calculated based on an amount determined every year by the Turkish Statistical Institute (TUIK). In 2021, the gross minimum wage was determined as 3,577 TL. However, when taxes and other deductions are deducted, the net minimum wage amount is lower. Employees working in Turkey are obliged to pay taxes such as income tax, social security premiums and other deductions. Income tax rates vary depending on income earned and are calculated monthly. Income tax brackets vary depending on the amount of annual earnings. Income tax rates for a minimum wage employee in 2021 are as follows: - 15% for income between 0-22,000 TL - 20% for income between 22,001-49,000 TL - 27% for income of 49,001 TL and above In addition, minimum wage workers also have social security premium payments. Social security premium is 14% of the gross minimum wage. This premium is paid by both the employee and the employer. Other deductions for a minimum wage employee may include unemployment insurance premiums, occupational hazard premiums, income tax deductions, and other deductions. These deductions may vary depending on the employee's situation and the employer's payment obligations. Minimum wage and tax policies may change depending on the economic situation and government policies in Turkey. Therefore, it is important to keep up to date with information and get support from experts such as a tax advisor or financial advisor.