Turkey to Increase Minimum Wage for 2017

The Turkish monthly minimum wage will increase to 1,777.50 liras ($503.60) from 1,647 liras ($466.63) Jan. 1, 2017, and will be effective until Dec. 31, 2017, the Turkish Minster for Labor and Social Security said Dec. 29.

The net monthly minimum wage after taxes and deductions is to rise to 1,404.06 liras ($397.84) per month from 1300.99 liras ($368.64).

To contact the editor on this story: Michael Baer at mbaer@bna.com

For More Information

The announcement concerning the new minimum wage is available at http://www.csgb.gov.tr/home/news/2017-yilinda-asgar%C4%B0-%C3%BCcret-1404-l%C4%B0ra/

More information on payroll issues in Turkey is available in the Turkey country primer.

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