Analysis

31 January 2017

Turkey | Latest developments on minimum wage, severance pay, income tax and interest rates for 2017

On 1 January 2017, the gross minimum wage in Turkey has been increased to TRY 1,777.5 per month from TRY 1,647 in 2016.

The net minimum wage rose to TRY 1,404.06 from TRY 1,300.99 in 2016, while the gross daily minimum wage has been increased to TRY 59.25.

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