Some of the Salaries May Not Be Taxed

While Turkey has faced an unstoppable exchange rate and inflation in recent weeks, the purchasing power of the citizens has suffered a great decline. All products in the last 3 months at least 50% While the increase was made, it was also very curious what the minimum wage would be in 2022. Minimum wage after four meetings, as 4.250 TL was determined.

Along with the 50% increase in the minimum wage, a measure was taken that would not fully reflect this increase to the employer. While it was previously discussed that there would be no tax on the minimum wage, only income tax and stamp tax were removed from the gross minimum wage, not all taxes. Today, employers still have concerns about announcement that will be a solution came.

All taxes can be removed on wages up to the gross minimum wage

AK Party Group Deputy Chairman Mustafa Elitaş, in his statement, said that the part of the salaries and wages of all employees, including civil servants, up to the gross minimum wage. would be tax free explained. With this statement, it was stated that employees who pay the gross minimum wage and below will not be subject to any tax while paying this wage.

On the other hand, the issue of tax exemption has not been finalized yet. Elitaş agrees that the directive in this direction opened for signature by the attorneys if accepted by the commission announced that it will enter into force.

When the directive comes into effect, the cost of an employee working with a net minimum wage (4,250 TL) to the employer is still net minimum wage it will be. Likewise, for all workers and civil servants, the gross No tax will be charged on the part up to 5 thousand TL.

To be implemented in Turkey in 2022 gross minimum wage It was 5 thousand 4 TL. If the proposal does not enter into force, the cost to the employer will be 5 thousand 879 TL.