Turkey:
Newsletter On New Statutory Severance Pay Cap
30 January 2024
Bener Law Office
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With the Circular (Order No: 1) published by the Ministry of
Treasury and Finance on its official website on 05.01.2023, the
annual cap amount for the statutory severance pay to be paid to the
employees as of 01.01.2024 has been determined.
Within the scope of the Circular,the statutory
severance pay cap to be applicable between 01.01.2024 and
30.06.2024 has been determined as gross 35.058,58
TRY.
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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