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 the article 34/14 of Income Tax Law and these are only subject to social security.
Also, as of 2022, an income tax exemption amount up to the tax amount calculated over minimum wage would be applicable for all wages.
Social Security Premium
Social Security Premium are calculated over wages monthly and are paid jointly by the employee and the employer. The contribution rates are as follows:
In The press release dated July 01, 2022, the Ministry of Labor along with the Minimum Wage Determination Committee have announced the minimum wage to be effective as of July 01, 2022, as shown in the table below.
With that Communique, the transactions would need to be declared within one month for the purchase, sale or rental of movable and immovable properties and goods and services by the intermediary service providers, social network providers and hosting providers, who mediate the publication of advertisements.
The below items would need to be declared to the Revenue Administration via the portal announced by the Ministry:
Internet address or addresses where the service is provided,
The amount and date of each transaction regarding the sales/rentals of movable, immovable, goods and services performed on behalf of the service providers, and the bank account information regarding the payments,
Name, surname/title, citizenship number information and workplace address information of individuals or companies.