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Cost of Doing Business in Turkey

Minimum Monthly Wage (gross and net)

 

USD

Net Minimum Wage

382.02

Gross Minimum Wage

483.62

  • Social security premium payment (14%)

67.69

  • Payment for unemployment insurance fund (1%)

4.83

  • Income tax (15%)*

25.39

  • Minimum living allowance**

36.27

  • Stamp tax (0.759%)

3.67

Total Deduction

101.60

Employer Cost
  • Gross minimum wage

483.62

  • Employer’s share of social security premium (15.5%)***

74.96

  • Employer’s payment for unemployment insurance fund (2%)

9.67

Total Employer Cost

568.26

* Calculation of income tax is [(483.62 – 67.69 – 4.83) x 0.15] – 36.27 = 25.39

** For single individuals without children and may vary according to marital status and 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 Family and Labor

Valid for January 1, 2019 – December 31, 2019

USD 1 = TRY 5.29, as of January 2019

 

Cost of Electricity

Consumers Purchasing Electricity from Commissioned Supply Companies

Distribution System Users

Capacity

Active Energy + Distribution

Reactive Energy

Capacity Charge

Over-Capacity Charge

Standard

Daytime

Peak

Nighttime

TRYcent/kWh

TRYcent /kWh

TRYcent /kWh

TRYcent /kWh

TRYcent /kWh

TRYcent/kWh

TRYcent/kWh

Medium Voltage

Double Term

Industry

256.8597

513.7194

44.0625

44.5715

68.9052

24.9319

22.2020

Single Term

Industry

N/A

N/A

44.7785

45.2876

69.6214

25.6479

22.2020

Low Voltage

Single Term

Industry

N/A

N/A

49.7121

50.2210

74.5548

30.5814

22.2020

System Usage Tariffs for Consumers Purchasing Electricity from Private Suppliers*

Capacity

Distribution Tariff

Reactive Energy

Capacity Charge

Over-Capacity Charge

TRYcent/kWh

TRYcent/kWh

TRYcent/kWh

TRYcent/kWh

Medium Voltage

Double Term

Industry

256.8597

513.7194

6.8024

22.2020

Single Term

Industry

N/A

N/A

7.5139

22.2020

Low Voltage

Single Term

Industry

N/A

N/A

11.6255

22.2020

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 amount of power exceeding the “contracted power” specified in the 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 the 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.

*The active energy price is not reflected in the table, as the price is determined bilaterally between the consumer and the supplier.

Source: Energy Market Regulatory Authority (EMRA)

 

Cost of Water for Industrial Use

Reference Price USD/m3

Type of Customer

Water

Waste Water

Water VAT (%)

Industry

2.17

Included

8

Reference Price USD/m3

Organized

Industrial Zones (OIZs)

Water

Water VAT (%)

Waste Water

Waste

Water VAT (%)

Eskişehir OIZ

0.12

8

0.12

8

Antalya OIZ

0.9

8

Source: Istanbul Water and Sewerage Administration (ISKI)

Eskişehir Water and Sewerage Administration & Antalya Water and Sewerage Administration

USD 1 = TRY 5.29 as of January 2019

 

Cost of Natural Gas*

Gas Sales Tariff for Customers

that have a Signed a Gas Sales Agreement with BOTAS

USD/kWh

USD/Sm³

Less than 300.000 Sm³

0.016

0.168

OIZ

0.022

0.254

More than 300.001 Sm³

0.022

0.255

Source: Petroleum Pipeline Corporation (BOTAS)

* Excluding SCT and VAT

USD 1 = TRY 5.29 as of January 2019

 

Cost of Broadband Services

Fibernet and Hypernet

(USD/month)

Download Speed (Mbps) – unlimited tariffs

Price

Up to 24

51

Up to 35

60

Up to 50

75

Up to 100

104

Up to 1000

165

Metro Ethernet and G.SHDSL

Requirement specific

Source: TTNET, Superonline

All taxes included.

USD 1 = TRY 5.29 as of January 201

 

9

Source: http://www.invest.gov.tr

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