The Social Security Rate For Companies in Turkey stands at 22.50 percent. source: Ministry of Labor and Social Security

Social Security Rate For Companies in Turkey averaged 20.30 percent from 2000 until 2020, reaching an all time high of 22.50 percent in 2001 and a record low of 16.50 percent in 2009. This page provides the latest reported value for - Turkey Social Security Rate For Companies - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Social Security Rate For Companies - values, historical data and charts - was last updated on October of 2020.

Social Security Rate For Companies in Turkey is expected to reach 22.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Social Security Rate For Companies is projected to trend around 22.50 percent in 2021, according to our econometric models.

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Turkey Social Security Rate For Companies

Actual Previous Highest Lowest Dates Unit Frequency
22.50 22.50 22.50 16.50 2000 - 2020 percent Yearly

Turkey Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 22.00 22.00 33.00 20.00 percent [+]
Personal Income Tax Rate 35.00 35.00 40.00 35.00 percent [+]
Sales Tax Rate 18.00 18.00 18.00 18.00 percent [+]
Social Security Rate 37.50 37.50 38.50 31.50 percent [+]
Social Security Rate For Companies 22.50 22.50 22.50 16.50 percent [+]
Social Security Rate For Employees 15.00 15.00 16.00 14.00 percent [+]


Turkey Social Security Rate For Companies
In Turkey, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate For Companies are an important source of income for the government of Turkey because they help to pay for many social programs including welfare, health care and many other benefits.