Payroll processing and reporting in Turkey is easy when you have the right local expertise.
It's possible to have an employment contract in any
convertible currency in Turkey. That, along with the ability to
negotiate your salary terms in net or gross taxes is very appealing
for employees. Also, as payroll taxes are deducted at source and
paid on a monthly basis, personnel (with no other sources of
income) are spared the headache of annual filings.
However, these advantages can make Turkish payroll processing
quite challenging and time-consuming for companies due to the
conversions, calculations and timings required. Turkish legislation
also specifies that payroll processing should be carried out
separately for each workplace, so, if your business operates in
five cities, five separate payrolls and relevant social security
filings must be submitted.
One of our clients with 100 staff members was previously using a
different third party provider in each city they operated in, and
their HR department was struggling to consolidate all of the
separate payroll information that was coming in. Our HR and payroll
experts in Istanbul were able to introduce some much-needed
streamlining. We appointed a key contact to collate the payroll
information from each office for the clients' HR department
after our team processed it centrally.
This solution significantly reduced the administrative time for
the client, and brought further efficiencies through their ability
to communicate individual office payroll requirements to us; their
When it comes to managing payroll in Turkey, it's important
to find a local partner who has not only adequate reach, but also
the right processing system and accounting expertise to accommodate
even the most complex of reporting requirements. At TMF Group, our
experts work with your back office to create a bespoke solution
that allows you to focus on your core business.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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