"Regulation Amending the Regulation on the Sectors of Labor" was published in the Official Gazette numbered 32438 on January 23, 2024.

The purpose of the Regulation is to make amendments to Article 4 of the Regulation on the Sectors of Labor, titled "Determination of the line of business to which the workplace belongs".

According to the Circular dated January 5, 2024 and numbered 27998389 - 010.06.02 - 2774790 published by the Ministry of Treasury and Finance with the subject ‘Financial and Social Rights’, the coefficients used to calculate the wage of a public officers have been revised effective January 1, 2024.

Income Tax Exempted Severance Pay

With the Communique dated September 1, 2023 and numbered 2023/25, the procedures regarding the minimum wage support for the period July 1, 2023 - December 31, 2023 have been published by the Social Security Institution (In Turkish).

As a summary, in case that all conditions are met, the minimum wage support will be automatically deducted from the social security premium payments on the upcoming periods by the Social Security Institution without any application.

According to the Circular dated July 7, 2023 and numbered 27998389-010.06.02-2298391 published by the Ministry of Treasury and Finance with the subject ‘Financial and Social Rights’, the coefficients used to calculate the wage of a public officers have been revised effective July 1, 2023.

Income Tax Exempted Severance Pay