2022 Minimum Wage Amount is Announced
Minimum wage amount for 2022 announced by the president is effective as of 1st of January 2022. According to the statement released by the Ministry of Labor and Social Security, gross minimum wage for 2022 has been set as 5.004,00 TRY and net minimum wage has ben set as 4.253,40 TRY.
Minimum wage amount is increased by 50% compared to 2021. Gross minimum wage was 3.578 TRY last year. Effective by the next year, Turkey will abolish the income and stamp tax collected on the minimum wage.
2022 minimum wage and employer cost calculation can be seen in Table 1 & 2:
Table 1. 2022 Monthly Minimum Wage Calculation in TRY
| Gross Minimum Wage | 5.004,00 |
| Social Security Employee Premium (14%) | 700,56 |
| Unemployment Employee Premium (1%) | 50,04 |
| Total Deductions | 750,60 |
| Net Minimum Wage | 4.253,40 |
Table 2. 2022 Monthly Minimum Wage Employer Cost Calculation in TRY
| Gross Minimum Wage | 5.004,00 |
| Social Security Employer Premium (15,5%)* | 775,62 |
| Unemployment Employer Premium (2%) | 100,08 |
| Employer Cost | 5.879,70 |
