COST OF DOING BUSINESS

Minimum Monthly Wage

Minimum Monthly Wage (gross and net)
 
TRY
Net Minimum Wage
22,104.67​​​
Gross Minimum Wage
26,005.50​
  • Social security premium payment (14%)
3,640.77
  • Payment for unemployment insurance fund (1%)​
260.06​​​
Total Deduction
3,900.83​​​
Employer Cost 

  • Gross minimum wage​
26,005.50​
  • Employer’s share of social security premium (15.75%)*
4,095.87​​​
  • Employer's payment for unemployment insurance fund (2%)
520.11
Total Employer Cost 
30,621.48
* For premiums that are paid in due time, as an incentive, a five-point reduction is applied (down from 20.75% to 15.75%).

Source: Ministry of Labor and Social Security

Valid for January 01, 2025 – December 31, 2025



Cost of Electricity​

​​​Cost of Electricity

Electricity Prices for Industrial Consumers

Annual Consumption

Connection Type

Distribution Line - Low Voltage

Distribution Line - Mid Voltage

Transmission Line

Less than 15,000 kWh​

USD 129.74

USD 122.89​

USD 99.47​

More than 15,000 kWh​

USD 158.16​

USD 143.16

USD 114.47​

All prices are listed in USD/MWh and include all applicable taxes (including 20% VAT).


For industrial consumers:  


If annual electricity consumption exceeds 15,000 kWh and no bilateral agreement is in place with a supplier, the Last Resort Supply Tariff (LRST) will apply. The LRST serves as a price ceiling; more favorable rates may be obtained through bilateral agreements. If annual electricity consumption remains below 15,000 kWh, the Retail Sales Tariff (National Tariff) will apply instead.


Source: Energy Market Regulatory Authority (EMRA)























Cost of Water for Industrial Use

Cost of Water for Industrial Use

​​Reference Price USD/m3

Organized Industrial Zones (OIZs)

Water

Water VAT (%)

Wastewater

Wastewater VAT (%)

Eskişehir OIZ

0.14

1

0.09

​8

Balıkesir OIZ

0.32

1

0.38

8

Ankara Başkent OIZ

0.53

1

0.27

8

İzmir Aliağa OIZ

0.55

1

0.56

8

Reference Price USD/m3

Free Zones (FZs)

Water

Water VAT (%)

Wastewater

Wastewater Coordination Fee (%)

Aegean Free Zone (ESBAŞ)

2.40

0

1.22

10

İstanbul Industrial and Trade Free Zone (DESBAŞ)

2.40

0

1.22

10

Kayseri Free Zone (KAYSER)

2.40

0

1.22

10

İzmir Free Zone (İZBAŞ)

1.76

0

1.79

0

Reference Price USD/m3

Municipalities

Water + Wastewater

Water + Wastewater VAT (%)

İstanbul

2.09

8

Ankara

2.05

8

Bursa

2.01

8

USD 1 = TRY 18.80 as of February 21, 2023

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​​


Cost of Natural Gas

​​​Cost of Natural Gas

Natural Gas Prices for Industrial Consumers

USD/Sm³

USD/kWh

Within or Outside OIZ

0.3694

0.0347

1 Prices include Special Consumption Tax, system usage fees, and VAT (20%).
2 Prices may vary slightly due to regional differences in system usage fees.
3 Prices apply to annual consumption volumes of 100,000,000 m³ or more.

Source: Petroleum Pipeline Corporation (BOTAŞ)
March 2025 Natural Gas Wholesale Price Tariff




















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