From Payroll Precision to Severance and Notice Pay: Your Complete Guide to Turkish Employment Finances.
The minimum wage effective in the new year has been announced. As of January 1, 2024, the minimum wage will be 17,002.12 Turkish Lira, a 49% increase.
The severance pay upper limit has been determined as 41,828.42 TL based on the General Communiqué on Financial and Social Rights, numbered 05, dated 05 July 2024.
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Amendments to the Regulation on the Implementation of the International Labor Force Law
With the amendments published in the Official Gazette on October 15, numbered 32693, significant changes have been introduced to the Regulation on the Implementation of the International Labor Force Law concerning work permit exemptions [...]
Updated Work Permit Evaluation Criteria in Türkiye
The work permit evaluation criteria, applied under the Additional Article of the Regulation on the Implementation of the International Workforce Law, have been updated in accordance with Article 22 of the same regulation. These [...]
HUMAN DEVELOPMENT AND SOCIO-ECONOMIC DEVELOPMENT INDEXES
Human development is a key factor that goes beyond economic growth, focusing on improving individuals' well-being, quality of life, and access to opportunities. In recent decades, Türkiye has placed significant emphasis on enhancing not [...]
PAYROLL BASICS (2024)
Discover the latest 2024 payroll parameters in Turkey, featuring a detailed breakdown of the gross minimum wage's 49% rise to TRY 20,002.50. Our comprehensive guide ensures your payroll management is up-to-date with the newest regulations, including social security contributions and tax rates.
The Essentials of Notice Pay in Türkiye: Periods, Calculations, and Legal Context
Under Article 17 of the Turkish Labor Law, employers are mandated to provide statutory notice prior to terminating an indefinite employment contract. This legal provision serves as a safeguard for employees, protecting them from [...]
THE MEDIUM-TERM PROGRAM 2024-2026
The Presidential Decision regarding the approval of the Medium-Term Program (MTP) that includes the 3-year objectives and policies of the Turkish economy was published in the repeated issue of the Official Gazette dated September 6, 2023, with number 32301.
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