HomeCost Of Doing Business In Turkey

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Minimum Monthly Wage (gross and net)
	USD
Net Minimum Wage	398.88
Gross Minimum Wage	504.97
Social security premium payment (14%)	70.70
Payment for the unemployment insurance fund (1%)	5.05
Income tax (15%)*	26.51
Minimum living allowance**	37.87
Stamp tax (0.759%)	3.83
Total Deduction	106.09
Cost for Employer
Gross minimum wage	504.97
Employer’s share of the social security premium (15.5%)***	78.27
Employer’s payment for the unemployment insurance fund (2%)	10.10
Total Cost for Employer****	593.34
* Calculation of income tax is [(504.97 – 70.70 – 5.05) x 0.15] – 37.87 For single individuals without children and may vary according to marital status and the number of children. * As regards premiums that are paid in due time, as an incentive, a five-point reduction is applied (down from 20.5% to 15.5%). **** USD 0.95/day of the total cost for the employer will be covered by the Undersecretariat of the Treasury according to the eligibility conditions. Source: Ministry of Labor and Social Security Valid for January 1, 2017 – December 31, 2017 USD 1 = TRY 3.52 as of December 2016

Cost of Electricity*
	Captive Customers	Eligible Customers
	USD/kWh	USD/kWh
Industry mid-voltage (Double-Term Tariff)	0.072	0.060
Industry mid-voltage (Single-Term Tariff)	0.074	0.062
Source: Energy Market Regulatory Authority (EMRA), January 2017 * Excluding VAT USD 1 = TRY 3.52 as of December 2016

Cost of Water for Industrial Use
Reference Price USD/m3
Type of Customer	Water	Waste Water		Water VAT (%)
Industry	2.88	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
Mersin OIZ (with joint treatment plant)	0.85	8	–	–
Source: Istanbul Water and Sewerage Administration (ISKI) Eskişehir Water and Sewerage Administration & Mersin Water and Sewerage Administration USD 1 = TRY 3.52 as of December 2016

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	0.020	0.216
OIZ	0.018	0.199
More than 300,001 Sm³	0.018	0.200
Source: Petroleum Pipeline Corporation (BOTAS), January 2017 * Excluding SCT and VAT USD 1 = TRY 3.52 as of December 2016

Cost of Broadband Services
Fibernet and Hypernet	(USD/month)
Download Speed (Mbps) – unlimited tariffs	Rates
Up to 24	71.30
Up to 35	87.20
Up to 50	113.90
Up to 100	162.20
Up to 1000	316.75
Metro Ethernet and G.SHDSL	Requirement specific
All taxes included. Source: TTNET USD 1 = TRY 3.52 as of December 2016

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