COST OF DOING BUSINESS

Minimum Monthly Wage (gross and net)

Minimum Monthly Wage (gross and net)
  ​USD
Net Minimum Wage
338.88
Gross Minimum Wage
429.01
  • Social security premium payment (14%)
60.06
  • Payment for unemployment insurance fund (1%)​
4.29
  • Income tax (15%)*
22.52
  • Minimum living allowance**
32.18
  • Stamp tax (0.759%)
3.26
Total Deduction
90.13
Employer Cost 

  • Gross minimum wage​
429.01
  • Employer’s share of social security premium (15.5%)***
66.50
  • Employer's payment for unemployment insurance fund (2%)
8.58
Total Employer Cost 
505.09
* Calculation of income tax is [(429.01 - 60.06 - 4.29) x 0.15] - 32.18 = 22.52
** For single individuals without children and may vary according to marital s​tatus and number of children.
*** 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 Family, Labor and Social Services
Valid for January 1, 2020 – December 31, 2020
USD 1 = TRY 6.86 as of July 1, 2020​​

Cost of Electricity​

​​​Cost of Electricity​
​​ ​ ​ ​ ​ ​ ​ ​Consumers Purchasing Electricity from Commissioned Supply Companies


Distribution System Users
​​​Capacity
Active Energy + Distribution

Reactive Energy
Capacity Charge
Over-Capacity Charge
Standard
​Daytime
​​Peak
​Nighttime
​TRYcent/kWh
​TRYcent /kWh
TRYcent /kWh
​TRYcent /kWh
​TRYcent /kWh
​TRYcent/kWh
​TRYcent/kWh
Medium Voltage
Double Term
​Industry
​308.4076
​616.8152
​58.3534
​59.0259​
​91.1790
​33.0753
​30.2874
​Single Term​
​Industry
N/A​
N/A​
​59.1740
59.8467
91.9998
33.8960​
​30.2874
Low Voltage
Single Term
Industry​
​N/A
N/A​​
65.6963
​66.3688
98.5219
40.4182
​30.2874​
System Usage Tariffs for Consumers Purchasing Electricity from Private Suppliers*
​​​​

Capacity

Distribution Tariff

​Reactive Energy​​
​Capacity Charge
Over-Capacity Charge
​ ​TRYcent/kWh
TRYcent/kWh​ TRYcent/kWh​​ ​TRYcent/kWh
Medium Voltage
Double Term
Industry
308.4076
616.8152
9.2797
​​30.2874
Single Term
Industry
N/A​
​N/A​
10.2502
30.2874
Low Voltage
Single Term
Industry
N/A​​​
N/A​​
​15.8592
30.2874
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 amount of power exceeding the “contracted power” specified in the 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 the 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.
*The active energy price is not reflected in the table, as the price is determined bilaterally between the consumer and the supplier.

Electricity Bill Calculation:

[(Consumption (kWh) x Active Energy Price* (TRYcent/kWh) x 1,02**) + (Consumption (kWh) x Distribution Tariff (TRYcent/kWh))] x 1.18*** 
Active Energy Price*: the consumers can either purchase electricity from the commissioned supply companies at the prices indicated in the table or at the prices determined bilaterally with the private electricity suppliers.
**Funds (electricity fund 1%, electricity consumption tax 1%)
***VAT 0.18%​

Source: Energy Market Regulatory Authority (EMRA)

Cost of Water for Industrial Use

Cost of Water for Industrial Use
Reference Price USD/m3
Type of Customer Water
Waste Water Water VAT (%)
Industry
1.76
Included
8
​Reference Price USD/m3
Organized Industrial Zones (OIZs)
Water
Water VAT (%)
Waste Water
Waste Water VAT (%)
Eskişehir OIZ
0.11
​8
​0.10
​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 6.86 as of July 1, 2020

Cost of Natural Gas

​​Cost of Natural Gas
​Gas Sales Tariff for Customers that have a Signed a Gas Sales Agreement with BOTAS

TRY/kWh TRY/Sm³
Less than 300,000 Sm³
0.11763647
1.251652
OIZ
0.12638816
1.393000
More than 300,001 Sm³0.13157895
1.40000
​Gas Bill Calculation:
Consumption (Sm³) x (Tariff per Sm³ + 0.023 TRY* + ​Transport Tariff per Sm³**) x 1.18***
*0.023 TRY/Sm³: Special Consumption Tax
**Transport Tariff/System Usage Tariff (see the websites of the relevant gas distribution companies)
*** 0.18% VAT

Source:
 Petroleum Pipeline Corporation (BOTAS)
​Excluding SCT and VAT

Cost of Broadband Services

​Cost of Broadband Services
​Fibernet and Hypernet
(USD/month)
Download Speed (Mbps) – unlimited tariffs Price
Up to 24
13.84
Up to 35
16.02
Up to 50
20.39
Up to 100
21.85
Up to 1000
127.41
Metro Ethernet and G.SHDSLRequirement specific
Source: TTNET, Superonline
All taxes included.
USD 1 = TRY 6.86 as of July 1, 2020



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