Lawyer in Turkey

Saturday, January 4, 2014

Minimum Wages Turkey 2014 (1st period)

The Turkish Ministry of Social Affairs and Employment, has announced the minimum wage for 2014, the 1st period of 2014, (1st January 2014 - 30 June 2014).

Every year on the 1st of  January and the 1st of  July the government announces the new wages for the next coming 6 months.

Structure minimum salary
The statutory minimum wage is based on the gross salary for normal working hours, without overtime. You receive this wage on the agreed payment period, f.e. weekly, monthly or every 4 weeks. The gross salary may consist of:
  • the (basic) salary in your employment contract has been agreed;
  • the allowances for performance, shifts, irregular hours, standby duty and working conditions;
  • the fixed bonus for the sales you make any payment and you will receive;
  • the rewards of third parties caused by the work.

The total of these amounts shall not be less than the minimum wage.

Pay slip
To avoid problems in the future with the tax authorities, es we recommend to pay the wages exactly as mentioned on the pay slip. If you pay in cash, let your staff monthly sign the pay slip (your accountant will create the slip monthly).

Apartments staff
The legislation distinguishes apartments staff. There are more than 200,000 people who are registered as apartment staff (kapıcı). The government has made ​​an exception for this group allowing an exemption from income tax (gelir vergisi) and withholding tax (withholding tax). The exemption creates a higher net income. The total cost to the employer will remain the same.


MINIMUM SALARY TURKEY
(Period 01.01.2014-30.06.2014)
Employees
Apartment personnel (kapıcı)
Gross salary
1.071,00 TL
1.071,00 TL
Social insurance employee (14%)
149,94 TL
149,94 TL
Unemployment insurance contribution employee (1%)
10,71  TL
10,71 TL
Income tax (15%)
56,22 TL
---
Cost of living allowance (sagri)
(Single and no children)
80,33 TL
---
Stamp tax (0,759%)
6,46 TL
---
Total deductions
225,00 TL
160,65 TL
NET SALARY (incl aig)
846,00 TL
910,35 TL
Total cost for employer
1.258,43 TL
1.258,43 TL

Wednesday, December 4, 2013

Tapu within 3 days!

Procedural Change at the Tapu*

Since last month foreigners are able to buy real estate within 3 days!!!!

According to the Turkish TAPU laws and regulations in force, transfer of ownership of a property is only possible with an official deed and registry which is signed at the Land Registry Directorates, provided that for the foreigner a permission procedure is undertaken, regardless if for the same property any procedure has been followed before  or not.

This permission procedure takes at least 6 up to 8 weeks and has several disadvantages for the buyer as well as for the seller of the property. 




But, adjustments since October 2013 allow a foreigner to register his ownership directly without following a permission procedure for the bought real estate, provided that there is a permission procedure undertaken for the plot after 05.05.2011.

With other words, if since 05.05.2011 for the building wherein the apartment is sited or for the plot wherein the villa is located already a foreigner permission procedure has been undertaken, the foreigner who wants to buy the real estate which is located in the same plot is not obliged to receive or follow any procedure at all. He is able to receive his title of deed directly, as a Turkish citizen!

For the permissions undertaken before the date of 05.05.2011 , the obligation to undergo the permission procedure still does exists.

*Tapu = Title deed, ownership