COST OF DOING BUSINESS

Minimum Monthly Wage (gross and net)

​​ ​​​​​​Minimum Monthly Wage (gross and net)
  ​USD
Net Minimum Wage358.32
Gross Minimum Wage453.62
  • Social security premium payment (14%)
63.51
  • Payment for unemployment insurance fund (1%)
4.54
  • Income tax (15%)*
23.82
  • Minimum living allowance**
34.02
  • Stamp tax (0.759%)
3.44
Total Deduction95.30
Employer Cost
  • Gross minimum wage
453.62
  • Employer's share of social security premium (15.5%)***
70.31
  • Employer's payment for unemployment insurance fund (2%)​​
9.07
Total Employer Cost 533.00
* Calculation of income tax is [(453.62 - 63.51 - 4.54) x 0.15] - 34.02 = 23.82
** 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, 2019 – December 31, 2019
USD 1 = TRY 5.64, as of July 1, 2019 ​​

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
​306.2555
​612.5110
​50.7364
​51.3217​
​79.3055
​28.7362
​26.4716
​Single Term​
​Industry
N/A​N/A​
​51.5015
52.0870​
80.0708​
29.5013​
​26.4716​
Low Voltage
Single Term
Industry​
​N/A
N/A​​
57.1785
​57.7638
85.7476​
35.1782​
​26.4716
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
306.2555​​​
612.5110​​
8.1106​
​​26.4716
Single Term
Industry
N/A​
​N/A​
8.9588​
26.4716​​
Low Voltage
Single Term
Industry
N/A​​​
N/A​​
​13.8612
26.4716​​
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)
U​SD 1 = TRY 5.64 as of July 1, 2019

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
2.17
Included
8
​Reference Price USD/m3
Organized Industrial Zones (OIZs)
Water
Water VAT (%)
Waste Water
Waste Water VAT (%)
Eskişehir OIZ
0.12
​8
​0.12
​8
Antalya OIZ 0.9
​8
​-
​-
Source: Istanbul Water and Sewerage Administration (ISKI)
Eskişehir Water and Sewerage Administration & Antalya Water and Sewerage Administration
USD 1 = TRY 5.64 as of July 1, 2019

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
0.08364793
0.890014
OIZ
0.12638816
1.344770
More than 300,001 Sm³0.12702321
1.351527
​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
USD 1 = TRY 5.64 as of July 1, 2019

Cost of Broadband Services

​Cost of Broadband Services
​Fibernet and Hypernet
(USD/month)
Download Speed (Mbps) - unlimited tariffs Price
Up to 24
51
Up to 35
60
Up to 50
75
Up to 100
104
Up to 1000
165
Metro Ethernet and G.SHDSLRequirement specific
Source: TTNET, Superonline
All taxes included.
USD 1 = TRY 5.64 as of July 1, 2019



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