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Business Costs

Minimum Monthly Wage

Minimum Monthly Wage (gross and net)
 USD
Net Minimum Wage518,35
Gross Minimum Wage609,83
  • Social security premium payment (14%)
85,37
  • Payment for unemployment insurance fund (1%)
6,11
Total Deduction91,48
Employer Cost 
  • Gross minimum wage
609,83
  • Employer’s share of social security premium (15.5%)*
91,47
  • Employer’s payment for unemployment insurance fund (2%)
12,19
Total Employer Cost716,55

* 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

1 USD = 32,80 TL (Based on 1 July 2024 exchange rate)

Electricity Cost

Responsive Table
Electricity Cost
Electricity Sales Electricity Tariff Contract Towards the Consumer Supply Company
Distribution System Users Capacity Active Energy + Distribution Reactive Energy
Within Capacity Over Capacity Standard Daytime Busy Hours Night
Cents / kWh Penny / kWh Cents / kWh Cents / kWh Cents / kWh Cents / kWh
Medium voltage
Double Period
Industry 306.2555 612.5110 50.7364 51.3217 79.3055 28.7362 26.4716
Single Term
Industry NO NO 51.5015 52.0870 80.0708 29.5013 26.4716
Low Voltage
Single Term
Industry NO NO 57.1785 57.7638 85.7476 35.1782 26.4716
System Usage Tariffs of Private Electricity Suppliers for Consumers *
Capacity Distribution Tariff Reactive Energy
Internal capacity in Over Capacity
Cents / kWh Cents / kWh Cents / kWh Cents / kWh
Medium voltage
Double Period
Industry 306.2555 612.5110 8.1106 26.4716
Single Term
Industry NO NO 8.9588 26.4716
Low Voltage
Single Term
Industry NO NO 14.8228 26.4716

Industrial Water Cost

Industrial Water Cost
Reference Price USD / m3
Customer TypeThatWaste waterWater VAT (%)
Industry2.17Included8
Reference Price USD / m3
Organized
Industrial Zones (OIZ)
ThatWater VAT (%)
Waste water
Waste Water VAT  (%)
Eskisehir Organized Industrial Zone0.128
0.12
8
Antalya Organized Industrial Zone0.98––
Source:  Istanbul Water and Sewerage Administration (İSKİ)
Eskişehir Water and Sewerage Administration and Antalya Water and Sewerage Administration
1 USD = 5.64 TL (Based on 1 July 2019 exchange rate)

Natural Gas Cost

Natural Gas Cost
Gas Sales Tariff for Consumers who have signed a Natural Gas Sales Agreement with BOTAŞ
 TL / kWhTL / Sm³
Below 300,000 Sm³0.083647930.890014
OSB0.126388161.344770
Above 300,001 Sm³0.127023211.351527

Gas Bill Calculation:
Consumption (Sm³) x (Tariff per Sm³ + 0.023 TL * + Transportation Tariff per Sm³ **) x 1.18 ***
* 0.023 TL / Sm³: Special Consumption Tax
** Transportation Tariff / System Usage Tariff ( See the websites of the relevant gas distribution companies)
*** 0.18% VAT 

Source: Pipelines and Petrol Transportation Corporation (BOTAŞ)
excluding SCT and VAT
1 USD = 5.64 TL (Based on 1 July 2019 exchange rate)

Broadband Service Fees

Broadband Service Fees
Fibernet and Hipernet(USD / month)
Download Speed ​​(Mbps) – unlimited tariffPrice
Up to 2451
Up to 3560
Up to 5075
Up to 100104
Up to 1000165
Metro Ethernet and G.SHDSLIt depends on the needs
Source:  TTNET, Superonline
All taxes are included.
1 USD = 5.64 TL (Based on 1 July 2019 rate)		​

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