Information about Morocco Minimum wage and taxes.
As of 2021, the minimum wage in Turkey is set at 3,577 Turkish Lira gross per month. This amount is subject to income tax and other deductions. For income tax purposes, there are different tax brackets in Turkey based on income levels. The tax rates range from 15% to 35% depending on the income level. However, for individuals earning the minimum wage, there is an income tax exemption. This means that individuals who earn up to the minimum wage are not subject to income tax. In addition to income tax, there are also other deductions that apply to the minimum wage. These include social security contributions, unemployment insurance, and other deductions mandated by law. The exact amounts of these deductions may vary depending on the employment type and other factors. It is important to note that these figures and regulations may change over time, so it is always recommended to consult with a professional or refer to official sources for the most up-to-date information.
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