MINIMUM WAGE ANNOUNCED
Monthly minimum wage in the TRNC was determined by the Minimum Wage Determination Commission as TL 2,365
(Two Thusand Three Hundered and Sixty Five Turkish Liras) which will be applicable as from 1 st March 2018.
On the basis of this :
- Hourly Minimum Wage
2018 Minimum Wage Announced | Cyprus Accounting 
MINIMUM WAGE ANNOUNCED
The Council of Minister of the Turkish Republic of Northern Cyprus decided on the application of the minimum wage, as determined by the Minimum Wage Determination Commision starting on the 1 st September 2018. On the basis of this decision as from 1 st September 2018 the minimum wage will be gross TL 2,620.- (Two Thousand Siz Hundred and Twenty Turkish Liras). The hourly, daily and weekly rates of the minimum wage will be as follows:- Hourly Minimum Wage 15.12 TL
- Daily Minimum Wage 120.92 TL
- Weekly Minimum Wage 604,62
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.
- Daily Minimum Wage 109.15 TL
- Weekly Minimum Wage 545.77 TL
- Monthly Minimum Wage 2,365 TL