| Net Minimum Wage |
425.23 |
| Gross Minimum Wage |
538.33 |
|
75.37 |
|
5.38 |
|
28.26 |
|
40.37 |
|
4.08 |
| Total Deduction |
113.10 |
| Cost for Employer | |
|
538.33 |
|
83.44 |
|
10.77 |
| Total Cost for Employer |
632.54 |
| * Calculation of income tax is [(538.33 – 75.37 – 5.38) x 0.15] – 40.37
** For single individuals without children, and may vary according to marital status and the number of children. *** For premiums that are paid in due time, as an incentive, a five-point reduction is applied (down from 20.5% to 15.5%). Source: Ministry of Labor and Social Security Valid for January 1, 2018 – December 31, 2018 USD 1 = TRY 3.77 as of December 2017 |
|
Cost of Doing Business in Turkey
Minimum Monthly Wage (gross and net)
Cost of Electricity
|
Consumers Purchasing Electricity from Commissioned Supply Companies |
||||||
|
Distribution System Users |
Capacity |
Active Energy + Distribution |
||||
|
Capacity Charge |
Over-Capacity Charge |
Standard |
Daytime |
Peak |
Nighttime |
|
|
Kurus/kWh |
Kurus/kWh |
Kurus/kWh |
Kurus/kWh |
Kurus/kWh |
Kurus/kWh |
|
|
Medium Voltage |
||||||
|
Double Term |
||||||
|
Industry |
204,2996 |
408,5992 |
28,4967 |
28,3475 |
46,1681 |
15,5934 |
|
Single Term |
||||||
|
Industry |
N/A |
N/A |
29,1012 |
28,9520 |
46,7726 |
16,1979 |
|
Low Voltage |
||||||
|
Single Term |
||||||
|
Industry |
N/A |
N/A |
32,3150 |
32,1658 |
49,9864 |
19,4117 |
|
System Usage Tariffs for Consumers Purchasing Electricity from Private Suppliers* |
||||||
|
Private System Users |
Capacity |
Distribution Tariff |
||||
|
Capacity Charge |
Over-Capacity Charge |
|||||
|
Kurus/kWh |
Kurus/kWh |
Kurus/kWh |
||||
|
Medium Voltage |
||||||
|
Double Term |
||||||
|
Industry |
204,2996 |
408,5992 |
5,5153 |
|||
|
Single Term |
||||||
|
Industry |
N/A |
N/A |
6,1198 |
|||
|
Low Voltage |
||||||
|
Single Term |
||||||
|
Industry |
N/A |
N/A |
9,3336 |
|||
| Multiple tariff application for November-March Period: 07.00-18.00 daytime; 18.00-22.00 peak; 22.00-07.00 nighttime
Multiple Tariff application for April-October Period: 06.00-17.00 daytime, 17.00-22.00 peak; 22.00-06.00 nighttime Capacity Charge: monthly fixed-fee calculated per kW based on the “contract power” specified in connection contract and charged to double-term consumers connected to distribution system Over-Capacity Charge: monthly fee calculated per kW for the power exceeding the “contract power” specified in connection contract and charged to double-term consumers connected to distribution system Double-Term tariff: tariff class charged for “distribution fee over the amount of active energy flow (kWh) received from the distribution system or given to the distribution system”, plus capacity-charge calculated per kW specified in connection contract, plus over-capacity charge for the power (in Kw) exceeding the “contract power.” Single-term tariff: the tariff class charged for distribution fee only through the amount of active energy flow (kWh) received from the distribution system or given to the distribution system. *Active energy price is not reflected in the table as the price is determined bilaterally between consumer and supplier. |
||||||
Cost of Water for Industrial Use
|
Reference Price USD/m3 |
||||
|
Type of Customer |
Water |
Waste Water |
Water VAT (%) |
|
|
Industry |
2.99 |
Included |
8 |
|
|
Reference Price USD/m3 |
||||
|
Organized Industrial Zones (OIZs) |
Water |
Water VAT (%) |
Waste Water |
Waste Water VAT (%) |
|
Eskişehir OIZ |
0.18 |
8 |
0.18 |
8 |
|
Antalya OIZ |
0.13 |
8 |
– |
– |
| Source: Istanbul Water and Sewerage Administration (ISKI)
Eskişehir Water and Sewerage Administration & Antalya Water and Sewerage Administration USD 1 = TRY 3.77 as of December 2017 |
||||
Cost of Natural Gas*
|
Gas Sales Tariff for Customers that have a Signed Gas Sales Agreement with BOTAS |
||
|
USD/kWh |
USD/Sm³ |
|
| Less than 300,000 Sm³ |
0.019 |
0.203 |
| OIZ |
0.020 |
0.211 |
| More than 300,001 Sm³ |
0.020 |
0.212 |
| Source: Petroleum Pipeline Corporation (BOTAS), January 2018
* Excluding SCT and VAT USD 1 = TRY 3.77 as of December 2017 |
||
Cost of Broadband Services
| Fibernet and Hypernet |
(USD/month) |
| Download Speed (Mbps) – unlimited tariffs |
Rates |
| Up to 24 |
62 |
| Up to 35 |
76 |
| Up to 50 |
97 |
| Up to 100 |
137 |
| Up to 1000 |
296 |
| Metro Ethernet and G.SHDSL |
Requirement specific |
| All taxes included.
Source: TTNET USD 1 = TRY 3.77 as of December 2017 |
|