Jan 13, 2021 1 min read

Turkey Payroll Outsourcing Alert (Social Security Increases)

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 ApplicationUygulama ADIPeriod July 2020 - December 2020Period January 2021 - June 2021
Seniority (Severance) Ceiling AmountKidem Tazminat Tavani7,117.17 TRY7,638.96 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.

Mercans Recommend

Download PDF

Mercans Statutory Alert Turkey SSI Seniority Ceiling Amount
Size

864.27 KB

Most viewed posts

View all posts

Client success story: International SOS

International SOS achieved sustainable global payroll process optimization through transitioning away from a legacy provider down to a single payroll management system

Aug 1, 2022 3 min read

Client success story: Kratos

Global payroll solution that complies with US Government contracting requirements

Jul 18, 2022 3 min read

Payroll Technology Firm Mercans Appoints Andre Voolaid to its Board

Andre’s appointment to the board demonstrates Mercans’ vision of becoming the global payroll technology leader.

Jul 18, 2022 2 min read

Pakistan Payroll Outsourcing Alert

Pakistan– Amends Personal Income Tax Rates for 2022-2023 Tax Year. On 30 June 2022, the President of Pakistan enacted the Finance Act of 2022. The Act provides for changes to the personal income tax rates and brackets for salaried employees for th

Jul 18, 2022 1 min read

Bahrain Payroll Outsourcing Alert

The employer contribution to social insurance for Bahraini nationals is increased by 2%, bringing the total contribution to 17%.

Jul 12, 2022 1 min read

Poland Payroll Outsourcing Alert

The latest round of policies, announced recently, will reduce income tax from 17% to 12% for those earning up to 120,000 zloty (€25,300) annually.

Jul 12, 2022 1 min read