COST OF DOING BUSINESS

Minimum Monthly Wage (gross and net)

Minimum Monthly Wage (gross and net)
  ​USD
Net Minimum Wage
324.82
Gross Minimum Wage
411.21
  • Social security premium payment (14%)
57.57
  • Payment for unemployment insurance fund (1%)​
4.11
  • Income tax (15%)*
21.59
  • Minimum living allowance**
30.84
  • Stamp tax (0.759%)
3.12
Total Deduction
86.39
Employer Cost 

  • Gross minimum wage​
411.21
  • Employer’s share of social security premium (15.5%)***
63.74
  • Employer's payment for unemployment insurance fund (2%)
8.22
Total Employer Cost 
483.17
* Calculation of income tax is [(411.21 – 57.57 - 4.11) x 0.15] - 30.84 = 21.59
** For single individuals without children and may vary according to marital status 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 Labor and Social Security
Valid for January 1, 2021 – December 31, 2021
USD 1 = TRY 8.70, as of July 1, 2021

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
S​tandard
​Daytime
​​Peak
​Nighttime
​TRYcent/kWh
​TRYcent /kWh
TRYcent /kWh
​TRYcent /kWh
​TRYcent /kWh
​TRYcent/kWh
​TRYcent/kWh
Medium Voltage
Double Term
​Industry
388.9779
777.9558
75.5378
​76.4073​
​117.9778
42.8558
​38.1999
​Single Term​
​Industry
N/A​
N/A​
​76.4619
77.3318
118.9023
43.7802​
​38.1999
Low Voltage
Single Term
Industry​
​N/A
N/A​​
84.8707
​85.7401
127.3106
52.1887
38.1999​​
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
388.9779
777.9558
11.7040
38.1999
Single Term
Industry
N/A​
​N/A​
12.9281
38.1999
Low Voltage
Single Term
Industry
N/A​​​
N/A​​
20.0024
38.1999​​
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
1.72
Included
8
​Reference Price USD/m3
Organized Industrial Zones (OIZs)
Water
Water VAT (%)
Waste Water
Waste Water VAT (%)
Eskişehir OIZ
0.09
​8
​0.10
​8
Antalya OIZ 0.14
​8
​-
​-
Source: Istanbul Water and Sewerage Administration (ISKI)
Eskişehir Water and Sewerage Administration & Antalya Water and Sewerage Administration
USD 1 = TRY 8.70 as of July 1, 2021

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
0.13985846​
1.488094
OIZ
0.19178609
2.040604
More than 300,001 Sm³0.19274972
2.050857​
​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
11.95
Up to 35
12.64
Up to 50
12.98
Up to 100
16.32
Up to 1000
47.90
Metro Ethernet and G.SHDSLRequirement specific
Source: TTNET, Superonline
All taxes included.
USD 1 = TRY 8.70 as of July 1, 2021



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