2023 Minimum Wage Amount is Announced

a. Minimum Wage

In the press release dated December 22, 2022, the Ministry of Labor, along with the Minimum Wage Determination Committee has announced the minimum wage to be effective for the year of 2023, as shown in the table below.

TERM	GROSS	NET
2023	10,008.00 TRY	8,506.80 TRY

b. Monthly SSI Base and Ceiling Parameters

As per Article 82 of the 5510 numbered SSI Law, the SSI base and the SSI ceiling are determined by taking the minimum wage into account. The SSI ceiling is calculated as 7.5 times the minimum wage. The below table shows the legal parameters in regards to 2023.

SSI	Monthly SSI Base	Monthly SSI Ceiling
2023	10,008.00 TRY	75,060.00 TRY

Should you have any queries or need further details, please contact your customer representative.

Category Social Security Law and Legislation, Taxation Law

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