Turkey – SSI and Tax Payroll Parameters for 2021.

Mercans, a leading Turkey payroll outsourcingPEO/GEO, employee leasing, recruitment, and BPO services provider, has published a Turkey payroll outsourcing alert. Subscribe to Mercans’ Turkey payroll outsourcing alerts to ensure that you are always up-to-date with the latest regulatory changes in Turkey’s labor and payroll compliance requirements.

Effective from 1st of January 2021, the government of Turkey has increased the Social Security Minimum Wage Amount to 3,577.50 TRY Gross and 2,825.90 TRY Net for single employees. The monthly SSI Ceiling Amount has increased to a gross amount of 26,831.40 TRY.

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

 

In accordance with the amended minimum amounts, the social security contributions for employees and employers will be calculated as summarized below:

Minimum Living Allowance Amounts (AGI) for 2021

The Turkish government has announced the following Minimum Living Allowances (AGI) for 2021.

These amounts will be directly added to employees’ salaries based on their marital statuses.

 

Exemption Amounts from Social Security Base Amount for 2021

The government of Turkey has announced the following benefit in kind exemption amounts for 2021.

These amounts will impact employees’ Gross Social Security amounts if the employer provides the respective benefits in kind.

 

Income Tax Brackets and Income Tax Exemptions

 

The amended rates will apply to all wages and salaries earned after January 1, 2021.

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.

Download PDF: Mercans Statutory Alert Turkey Payroll Parameters 2021