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12April2013

What is MSD (AGİ) in Turkey

What is MSD (AGİ)

The Minimum Survival Discount (MSD) has been applied within the framework of principles determined in account of the tax to be paid by the employees in accordance with the income tax law. The calculated MSD sum is paid to the employee by being deducted from the income tax to be paid by the employee. The MSD sums are calculated by considering the marital status of the employee, number of children the employee is obliged to look after and the minimum wage determined at the beginning of calendar year, and amendments made in the minimum wage in a year do not cause any change in calculation of MSD. If employee's child is over 18 years old, the employee can not take advantage for him. But if the child is studying in university, the employee will be benefit from his child's age will be reached up to 25.

Posted in Social Security Law and Legislation, Labor Law

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