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Social Security Law and Legislation

 
05Ocak2024

Meal and Commuter Benefit Exemptions and Disability Degree Discounts as of 2024

With the publication dated December 30, 2023 and numbered 32415 in the Official Gazette, the following exceptions have been updated.

  • Income Tax Exempted Meal Allowance
  • Income Tax Exempted Commuter Allowance
  • Disability Degree Discounts

Yazar Erdoğdu Onur Erol, Kategori Social Security Law and Legislation, Taxation Law

02Ocak2024

Statutory Deductions on Payroll for 2024

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 2023 will continue in 2024 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:

Yazar CottGroup Hukuk ve Mevzuat Ekibi, Kategori Social Security Law and Legislation, Taxation Law

27Aralık2023

2024 Minimum Wage Amount is Announced

a. Minimum Wage

In the press release dated December 27, 2023, the Ministry of Labor, along with the Minimum Wage Determination Committee has announced the minimum wage to be effective for the year of 2024, as shown in the table below.

Yazar CottGroup Hukuk ve Mevzuat Ekibi, Kategori Social Security Law and Legislation, Taxation Law

02Kasım2023

Legal Interest in Retroactive Incentives

Article 17 of Law No. 5510 grants employers the opportunity to benefit from retroactive incentives or make changes to existing incentives. In this context, it has been determined that the differential premium amounts, resulting from the utilization of retroactive incentives or incentive modifications for the month of March 2018 or earlier, must be settled with legal interest in accordance with the third paragraph of the mentioned article.

SGK has provided specific details on this matter in its General Letter numbered 82296733, dated 13.10.2023:

Yazar Erdoğdu Onur Erol, Kategori Social Security Law and Legislation, Bilateral Treaties

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