Turkey:
Newsletter On Statutory Severance Payment Cap Amendment
18 January 2023
Bener Law Office
To print this article, all you need is to be registered or login on Mondaq.com.
As of 01.01.2023, the statutory severance payment cap has been
re-determined as gross 19.982.83 TL.
In this respect, as of 01.01.2023, the statutory
severance payment cap will be applied as 19.982,83
TL.
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.
POPULAR ARTICLES ON: Employment and HR from Turkey
Index Increase From 1 February 2023
Arendt & Medernach
With effect from 1 February 2023, the index applicable to employee wages increases from 877.01 to 898.93, resulting in a 2.5% increase in gross salary paid to individuals with employment contracts...