20June2023
2023 II. Period Minimum Wage and Legal Parameter Updates
a. Minimum Wage
In The press release dated June 20, 2023, the Ministry of Labor along with the Minimum Wage Determination Committee have announced the minimum wage to be effective as of July 01, 2023, as shown in the table below:
TERM |
GROSS |
NET |
2023 II. Period |
13,414.50-TRY |
11,402.32-TRY |
b. Monthly SSI Base and Ceiling Parameters
As per Article 82 of the 5510 numbered SSI Law (In Turkish), 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 for 2023 II. Period.
SSI |
Monthly SSI Base |
Monthly SSI Ceiling |
2023 II. Period |
13,414.50-TRY |
100,608.90-TRY |
Should you have any queries or need further details, please contact your customer representative.
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Legal Parameter Changes - Archive
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