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25December2024

Statutory Deductions on Payroll for 2025

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 2024 will continue in 2025 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:

Author Ümit Kır, Category Social Security Law and Legislation, Taxation Law

25December2024

2025 Minimum Wage Amount is Announced

a. Minimum Wage

The notification regarding the Minimum Wage Determination Commission's decision, published in the Official Gazette dated December 27, 2024, established the minimum wage and minimum wage support amounts applicable for 2025.

Author Ümit Kır, Category Social Security Law and Legislation

11December2024

Important Announcement from SSI to Employers per Circular No. 2024/14

This informative note about Circular No. 2024/14 issued by the Social Security Institution (SSI) outlines key procedures and principles for employers regarding the late submission of monthly premium and service declarations (APHB) and consolidated withholding and premium service declarations (MUHSGK).

Key highlights of the circular include:

Author Ümit Kır, Category Social Security Law and Legislation

09December2024

Mutual Agreement Procedure for the Elimination of Double Taxation Agreements

The provisions of the "Mutual Agreement Procedure" in Double Taxation Agreements allow taxpayers to appeal to competent authorities if they believe they have been taxed contrary to the terms of the existing agreement or if there are strong indications that they will be taxed in such a manner.

In this context, the "Mutual Agreement Procedure for the Elimination of Double Taxation Agreements" has been updated and is now available in English.

Author Erdoğdu Onur Erol, Category Taxation Law

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