2019 Minimum Wage Amount is Announced
Minimum wage amount is announced by The Minimum Wage Commission which is effective as of 1st of January 2019. Following this development, gross minimum wage has been set as 2.558,40 TRY and net minimum wage has been set as 2.020,90 TRY. Minimum wage amount is increased by 26,05% compared to 2018.
2018 gross minimum wage was 2.029,50 TRY.
2019 minimum wage and employer cost calculation can be seen in Table 1 & 2:
Table 1. 2019 Monthly Minimum Wage Calculation in TRY
| Gross Minimum Wage | 2.558,40 |
| Social Security Employee Premium (14%) | 358,18 |
| Unemployment Employee Premium (1%) | 25,58 |
| Income Tax (15%) | 326,20 |
| Salary Stamp Tax (0,00759%) | 19,42 |
| Minimum Living Allowance | 191,88 |
| Net Minimum Wage | 2.020,90 |
Table 2. 2019 Monthly Minimum Wage Employer Cost Calculation in TRY
| Gross Minimum Wage | 2.558,40 |
| Social Security Employer Premium (15,5%)* | 396,55 |
| Unemployment Employer Premium (2%) | 51,17 |
| Employer Cost | 3.006,12 |
* Social Security Employer Premium rate is 20% under normal circumstances. However there is 5% discount according to Law No.5510 if payments are done within legal time period to Social Security Institution.
