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MINIMUM WAGE HAS BEEN DETERMINED TO BE EFFECTIVE FROM 1 ST OF JANUARY 2023

The minimum wage that will be applicable as of 01/01/2023 has been determined by the Minimum Wage Determination covneil in the meeting held or 03/01/2023.

The meeting was convened with the presence of 4 members from the Ministry of Labour 4 members from the Unions and 2 members from the Employers’Associations.

The proposal was made by the Ministry of Labour for the monthly gross fat wage of 13,563 TL, This proposal was accepted by the members of the Ministry, members of the Unions and members of the Employers’ Associations.

As of 01/01/2023 the minimum wage:

Hourly 78,24 TL
Daily 625,98 TL
Weekly 3,129,92 TL
Monthly 13,563,00 TL

News

  • Strategic Business Plan incorporating water distribution and administration of sewage services have been prepared for TRNC Municipalities by D.K.Deniz & Co.
  • Stabilisation of foreign exchange rates on custom duties and taxes and application of reduced witholding tax rates on rent income ended on 30 November 2018.
  • Inland Revenue published the Income Tax Rates and Income Bands for the year 2018 together with personal allowances.
  • Stamp Duty Notification issued under the TRNC Stamp Duty Law has been amended and the amended version will be applied as from 1 February 2018.

About Us

D.K.Deniz &Co. is one of the largest accounting firms in the Turkish Republic of Northern Cyprus (TRNC) providing services in auditing, accounting, tax and consultancy. D.K.Deniz & Co. has been providing services based on its vast professional knowledge and experience to local companies, state owned enterprises and international business companies.

Our Services

  • Acc. and Financial Transaction
  • Tax Accounting
  • Registration Services
  • Employment and Social Insurance
  • Consulting Services
  • Education Services

Industries

  • Banking
  • Transportation
  • Passenger Transportation
  • Distribution of Water
  • Marina Management
  • Media And Publishing

Contact Us

Address:41 / 6, Osmanpaşa Caddesi Latif Apartmanı Köşklüçiftlik
Nicosia / North of Cyprus
Email:      dkd@dkdeniz.com Phone:     +90 (392) 444 8080
Phone:     +90 (392) 228 6708
Phone:     +90 (392) 227 3352

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  • Home
  • Corporate
    • About Us
    • Mission & Vision
    • Management Team
  • Services
    • Acc. and Financial Transaction
    • Tax Accounting
    • Registration Services
    • Employment and Social Insurance
    • Consulting Services
    • Education Services
  • Formation of Company
  • Industries
    • Banking
    • Transportation
    • Passenger Transportation
    • Distribution of Water
    • Marina Management
    • Media And Publishing
    • Insurance Services
    • Oil and Gas Exploration
    • Telecommunication
    • Manufactoring
    • Tourism
    • Education
    • Trade & Commerce
    • Construction
    • Electricity Power Supply
  • Tax
    • Personal Income Tax
    • 2023 Income Tax Rates
    • Allowable Expenses
    • Corporation Tax
    • Losses Carried Forward
    • International Business Co.
    • Value Added Tax
    • Banking & Ins. Services Tax
    • Inheritance Tax
    • Special Communication Tax
    • Stamp Duty Notification
  • Contact Us