07Şubat2024

2024 Minimum Wage Support

The 2024 minimum wage support has come into force with the Law No: 7417 published on the Official Gazette dated 03 February 2024 and numbered 32449.

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 2024 minimum wage support can be summarized as below:

For the workplaces registered before 2024; if the social security base amount is 671 Turkish liras or less in the monthly withholding tax and premium service declarations for the same month of 2023,
For the workplaces subject to collective bargaining, if the social security base amount is 1341 Turkish liras,
For the workplaces which have employees working underground for "Lignite" and "Hard Coal" extraction, if the social security base amount is 1789 Turkish liras,
For the workplaces included in the scope of this Law for the first time in 2024,

The amount which is calculated as 23.33 TRY multiple with the total premium days related to the period January – July 2024, would be deducted from the social security payments automatically without any application.

Minimum wage support of TRY 700 will be applied for the period between January and December 2024.

Comparing the period 2023, in case that the number of employees declared to the Social Security Institution in 2024 is less than the number of employees at the month which has the minimum declared employees in 2023 (Jan – Dec 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 Erdoğdu Onur Erol, Kategori Social Security Law and Legislation, Labor Law

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