According to Velocity Global's employment agreement template, when is the salary due in the Republic of Turkiye?

In the Republic of Turkiye, the employment agreement template states that salary is payable in monthly arrears on the last business day of each month.

Is there a legal obligation to pay salaries in the same month in the Republic of Turkiye?

In the Republic of Türkiye, there is a legal obligation to pay salaries within the same month.

How many salary payments are made per year in the Republic of Turkiye?

There are 12 salary payments made per year in the Republic of Turkiye.

Is salary payment monthly and is payment standard at the end of the month in the Republic of Turkiye?

In the Republic of Turkiye, salaries are required to be paid within the same month, and it is standard for these payments to occur at the end of each month.

Should the employment agreement specify salary in monthly or annual amounts in the Republic of Turkiye?

In the Republic of Turkiye, an employment agreement can specify the salary in either monthly or annual amounts. However, it is notable that the employment agreement templates provided by Velocity Global Turkey contain monthly salaries.

What tax and social security obligations do employees have in the Republic of Turkiye?

Turkey has a progressive income tax system, where tax rates range from 0% to 40%, depending on the employee's income level. This means that both employers and employees need to be aware of the relevant tax obligations based on these varying percentages.

Employers are required to withhold income tax from employees' salaries and remit these taxes to the Turkish government. Employees, on the other hand, are subject to income tax based on their income bracket, which determines the specific rate they fall under within the 0% to 40% range.

What is the minimum wage information in the Republic of Turkiye?

The monthly minimum wage in the Republic of Turkiye is TRY 26,005.50. This wage is effective from January 1, 2025, through December 31, 2025. The Minimum Wage Board at the Ministry of Labor determines these wages and they are reviewed annually.