Turkey Payroll Outsourcing Alert – New 40% Top Tax Bracket Introduced

Turkey payroll outsourcing leader issues a statutory alert for Turkey.

Mercans has alerted its Turkey payroll outsourcing clients of new 40% top tax bracket has been introduced. Effective from 1 January 2020, the government of Turkey has introduced an additional tax bracket for top earners. Based on the newly announced change, annual income exceeding 600.000,00 TRY is subject to the new 40% tax bracket. The new tax bracket will apply to all personal income earned after 1 January 2020.

In accordance, new tax brackets and values for 2020 will be as seen below,

40% Top Tax Bracket Introduced in Turkey

ABOUT MERCANS

We are your trusted HR function outsourcing partner, simplifying employment tasks worldwide. We deliver bespoke human capital management services and global payroll solutions to empower businesses across all continents. A borderless people engagement enabler, driven by technology and innovation and committed to make your teams happy, we ensure your consistent and sustainable growth.

Mercans operate globally, ensuring timely and measurable results, and bottom-line savings. Supported by 500+ payroll and HR specialists with in-depth local knowledge, our pioneering human resources consulting services and trailblazing SaaS payroll software, HR Blizz™ & Mesaar™, are already satisfying 5,000+ international clients, regardless of the size of their organization and their industry. Visit mercans.com

SIMPLIFYING EMPLOYMENT TASKS WORLDWIDE

Local Presence. Regional Strategy. Global Success.

We are a borderless people engagement enabler, committed to make your teams happy. Driven by technology and innovation, we pride ourselves in being global people experts with striking local presence. We deliver bespoke human capital management services and innovative global payroll solutions to empower international businesses.

We are your reliable HR function outsourcing partner, delivering innovative HCM solutions, along with cutting-edge human capital management advice, to ensure consistent business growth, regardless of the size and industry of your company. We develop SaaS software and outsource HCM solutions tailored to 5,000+ clients across all continents.

Mercans operate globally, ensuring timely measurable results and bottom-line savings. We employ 500+ payroll and human resources specialists with in-depth local knowledge. Thanks to success-oriented teams striving for excellence and taking care of your organization’s tasks within budget, we have gained the trust of major multinational companies.

Mercans Services at a Glance

  • Global Payroll Solutions
  • PEO/GEO Services
  • Global Talent Acquisition
  • BPO Services
  • HR Management SaaS
  • Local Statutory Compliance

 Say goodbye to offshore call centers, legacy systems, fragmented data, and ENDLESS SLAs.

Mercans cloud-based SaaS products, HRBlizz™ and Mesaar™, combine the performance of proprietary technologies with a human touch. All your data are integrated into single platforms accessible from everywhere and on any device. Interact with local specialists, and benefit from tax and legal advisory services, without creating branches abroad.

Our cost-effective software products are fully-compliant, self-service platforms packed with smart built-in features for your peace of mind. They are compatible with SuccessFactors™, Workday™, Oracle HCM™ and MS Dynamics™.

  • Fully-integrated HRM processes and data
  • Centralized and automated global workflows management
  • Compliance with local regulations and regional business protocols
  • Mainstreamed payroll delivery for timeliness and accuracy
  • Real-time data updates and optimization for quick reporting

Visit mercans.com now and contact us for a free consultation: +1-877-MERCANS.

Additional information about HRBlizzTM is available at https://mercans.com/products/mercans-products-what-is-hrblizz/.