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13Ocak2023

2023 Minimum Wage Support

2023 Minimum Wage Support

The 2023 minimum wage support has come into force with the Law No. 7431 published on the Official Gazette dated 13th January 2023 and numbered 32072.

Based on that, in case that all conditions are met, the minimum wage support will be automatically deducted from the social security premium payments on the upcoming periods by the Social Security Institution without any application.

The conditions required for 2023 minimum wage support can be summarized as below:

  • For the workplaces registered before 2023; if the social security base amount is 250 Turkish lira or less in the monthly withholding tax and premium service declarations for the same month of 2022,
  • For the workplaces subject to collective bargaining, if the social security base amount is 500 Turkish lira,
  • For the workplaces which have employees working underground for "Lignite" and "Hard Coal" extraction, if the social security base amount is 667 Turkish lira,
  • For the workplaces included in the scope of this Law for the first time in 2023,

The amount which is calculated as 13.33 TRY multiple with the total premium days related to the period January – June 2023 would be deducted from the social security payments automatically without any application.

Comparing the period 2022, in case that the number of employees declared to the Social Security Institution in 2023 is less than the number of employees at the month which has the minimum declared employees in 2022 (January - December period), that minimum wage support would not be applicable.

You can reach the related Law via the link (In Turkish).

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

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

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    The content in this article is for general information purposes only and belongs to CottGroup® member companies. This content does not constitute legal, financial, or technical advice and cannot be quoted without proper attribution.

    CottGroup® member companies do not guarantee that the information in the article is accurate, up-to-date, or complete and are not liable for any damages that may arise from errors, omissions, or misunderstandings that the information may contain.

    The information presented here is intended to provide a general overview. Each specific case may require different assessments, and this information may not be applicable to every situation. Therefore, before taking any action based on the information provided in the article, it is strongly recommended that you consult a competent professional in the relevant fields such as legal, financial, technical, and other areas of expertise. If you are a CottGroup® client, do not forget to contact your client representative regarding your specific situation. If you are not our client, please seek advice from an appropriate expert.

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