Jan 12, 2024 1 min read

Turkey – New Social security and Income tax Rate exemptions

Effective from 1 January 2024, the government of Turkey has increased the Social Security minimum gross wage amount to TRY 20,002.50 and net amount to TRY 17,002.12. The monthly SSI ceiling amount has increased to a gross amount of TRY 150,018.90.

Please find the previous and new amounts under the below table,

SSI Amounts EN VersionSSI Amounts TR VersionPeriod 01-07-2023 - 31-12-2023Period 01-01-2024 - 30-06-2024
SSI minimum base amount dailyGunluk Prime Esas Kazanc / SGK / Alt SınırTRY 447.15TRY 666.75
SSI minimum base amount monthlyAylık Prime Esas Kazanc / SGK / Alt SınırTRY 13,414.50TRY 20,002.50
SSI ceiling amount dailyGunluk Prime Esas Kazanc / SGK / Üst SınırTRY 3,353.63TRY 5,000.63
SSI ceiling amount monthlyAylık Prime Esas Kazanc / SGK / Üst SınırTRY 100,608.90TRY 150,018.90

New Social Security Exemption Amounts Announced

In addition, the government of Turkey has announced the following benefit in kind exemption amounts, effective from 1 January to 30 June 2024.

These amounts will impact employees’ gross social security amounts if the employer provides the respective benefits in kind.

SSI Amounts EN VersionSSI Amounts TR VersionPeriod 01-07-2023 31-12-2023Period 01-01-2024 30-06-2024
SSI child allowance exemptionÇocuk Yardımı İstisnası / SGKTRY 268.29TRY 400.05
SSI family allowance exemptionAile Yardımı İstisnası / SGKTRY 1,341.45TRY 2,000.25
SSI meal allowance exemption (cash and card payment)Yemek Yardımı İstisnası / SGKTRY 105.75TRY 157.69
Private Ins + Pension ER exemption amounts for SSI baseOzel sağlık sigortası ve Isveren BES primi istisnası/prime esas kazançTRY 4,024.35TRY 6,000.75

Changes to Income Tax Brackets and Income Tax Exemptions

The government of Turkey has also announced the following income tax exemption amounts and tax brackets, effective from 1 January to 31December 2024.

The amended rates will apply to all wages and salaries earned after 1 January 2024.

Tax Limits and Exemption Amounts EN VersionTax Limits and Exemption Amounts (TR Version)Period 01-01-2023 - 31-12-2023Period 01-01-2024 - 31-12-2024
15% tax amount15% Vergi DilimiTRY 0.00 - 70,000.00TRY 0.00 - 110,000.00
20% tax amount20% Vergi DilimiTRY 70,000.01 - 150,000.00TRY 110,000.01 - 230,000.00
27% tax amount27% Vergi DilimiTRY 150,000.01 - 550,000.00TRY 230,000.01 - 870,000.00
35% tax amount35% Vergi DilimiTRY 550,000.01 – 1,900,000.00TRY 870,000.01-3,000,000.00
40% tax amount40% Vergi DilimiTRY 1,900,000.01 +TRY 3,000,000.01 +
Income tax meal allowance exemption (cash payment)Yemek Yardımı İstisnası /GVTRY 110.00TRY 170.00
Income tax meal allowance exemption (Card / Coupon)Yemek Yardımı İstisnası /GVTRY 118.80 (included %8 VAT)TRY 187.00 (included %10 VAT)
Stamp tax meal allowance exemption (cash payment)Yemek Yardımı İstisnası /Damga vergisiTRY 110.00TRY 170.00
Stamp tax meal allowance exemption (Card / Coupon)Yemek Yardımı İstisnası / Damga vergisiTRY 118.80 (included % 8 VAT)TRY 187.00 (included %10 VAT)
Transportation (Card) allowance tax exemptionYol Yardımı (Kart) İstisnası / GVTRY 56.00TRY 88.00
Disability exemption for degree 11.Derece Sakatlık İndirimiTRY 4,400.00TRY 6,900.00
Disability exemption for degree 22.Derece Sakatlık İndirimiTRY 2,600.00TRY 4,000.00
Disability exemption for degree 33.Derece Sakatlık İndirimiTRY 1,100.00TRY 1,700.00
MonthsCumulative Minimum Base TaxMonthly Exemption AmountCalculation Details of Monthly Exemption Amount
January17,002.122,550.3217,002.12*0.15
February34,004.242,550.3217,002.12*0.15
March51,006.362,550.3217,002.12*0.15
April68,008.482,550.3217,002.12*0.15
May85,010.602,550.3217,002.12*0.15
June102,012.722,550.3217,002.12*0.15
July119,014.843,001.06110,000.00-102,012.75 = 7,987.25 *%15 (1,198.09)
119,014.88-110,000.00 = 3,845.45 *%20 (1,802.98)
August136,016.963,400.4217,002.12*0.20
September153,019.083,400.4217,002.12*0.20
October170,021.203,400.4217,002.12*0.20
November187,023.323,400.4217,002.12*0.20
December204,025.443,400.4217,002.12*0.20

Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above change.

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