Turkey Payroll Outsourcing Alert (Social Security Increases)
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Turkey – Social Security Seniority (Severance) Ceiling Amount Increased.
Effective from 1 January 2021, the government of Turkey has increased the Seniority (Severance) Ceiling Gross Amount to 7,638.96 TRY. The new amount will be in effect through January 2021 and will be updated in July 2021 for the following 6 months
| Name of the Application | Uygulama ADI | Period July 2020 - December 2020 | Period January 2021 - June 2021 |
|---|---|---|---|
| Seniority (Severance) Ceiling Amount | Kidem Tazminat Tavani | 7,117.17 TRY | 7,638.96 TRY |
Mercans’ Turkey Payroll Outsourcing Solutions
While Mercans’ Turkey Payroll Outsourcing alerts will allow you to stay on top of the latest development in Turkey’s payroll regulations, you should still get in touch with Mercans’ Turkey payroll outsourcing, compliance, PEO/GEO, and BPO specialists for a free consultation on setting up fully compliant payroll and HR functions. Better yet, outsource your payroll and HR activities in Turkey to Mercans and our Turkey payroll outsourcing experts will ensure that your employees will always be paid on time and in accordance with the Turkey regulations.
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Mercans Statutory Alert Turkey SSI Seniority Ceiling Amount864.27 KB