With the Presidential Decree Numbered 7344 published in the Official Gazette dated July 7, 2023 and numbered 32241, changes have been made in the tariffs related to the Law on Fees Numbered 492.
The statutory deductions applicable in a standard Turkish payroll are social security premium, income tax, and stamp tax. Also, the salaries generated from liaison offices in Türkiye are exempt from income tax per Article 34/14 of Income Tax Law, and these are only subject to social security.
Also, the income tax exemption as much as the income tax deduction amount calculated over the minimum wage for all wages introduced in 2022 will continue in 2023 as well.
Social Security Premium
Social Security Premium is calculated over wages monthly and paid jointly by the employee and the employer. The contribution rates are as follows:
The social security premium and income tax exemptions applied to electricity, natural gas, and similar heating allowances, as announced in the Circular No. 2022/26 issued by the Social Security Institution and the Income Tax General Communiqué No. 322 published by the Revenue Administration, have expired as of June 30, 2023.
The social security premium exemption amount for the meal to be applied has been determined as 105.75 TL per day for the period between July 1, 2023 and December 31, 2023.
