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Overview
Minimum Monthly Wage (gross and net)
USD
Net Minimum Wage
17,002.12
Gross Minimum Wage
20,002.50
Social security premium payment (14%)
2,800.35
Payment for the unemployment insurance fund (1%)
200.03
Total Deduction
3,000.38
Gross minimum wage
20,002.50
Employer’s share of the social security premium (15.5%)***
3,100.39
Employer’s payment for the unemployment insurance fund (2%)
400.05
Total Cost for Employer
23,502.94
* 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 01, 2024 – December 31, 2024
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
Consumers Purchasing Electricity from Commissioned Supply Companies
Distribution System Users
Capacity
Capacity Charge
Over-Capacity Charge
Distribution Tariff
Kurus/kWh
Kurus/kWh
Kurus/kWh
Medium Voltage
Double Term
Industry
204,2996
408,5992
5,5153
Single Term
Industry
N/A
N/A
N/A
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.
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
2.45
Included
N/A
Reference Price USD/m3
OrganizedIndustrial Zones (OIZs)
Water
Water VAT (%)
Waste Water
Waste Water VAT (%)
Eskişehir OIZ
0.15
8
0.15
8
Antalya OIZ
0.11
8
–
–
Source: Istanbul Water and Sewerage Administration (ISKI)Eskişehir Water and Sewerage Administration & Antalya Water and Sewerage Administration
USD 1 = TRY 4.60 as of June 2018
Cost of Natural Gas*
Gas Sales Tariff for Customersthat have a Signed Gas Sales Agreement with BOTAS
USD/kWh
USD/Sm³
Less than 300,000 Sm³
0.016
0.166
OIZ
0.016
0.173
More than 300,001 Sm³
0.016
0.174
Source: Petroleum Pipeline Corporation (BOTAS), January 2018
* Excluding SCT and VAT
USD 1 = TRY 4.60 as of June 2018
Cost of Broadband Services
Fibernet and Hypernet
(USD/month)
Download Speed (Mbps) – unlimited tariffs
Rates
Up to 24
51
Up to 35
62
Up to 50
80
Up to 100
112
Up to 1000
243
Metro Ethernet and G.SHDSL
Requirement specific
All taxes included.
Source: TTNET
USD 1 = TRY 4.60 as of June 2018
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