Turkish Tax Law News

Tax Liability When You Are Buying A Real Estate In Turkey

According to the Fees Code, the total rate of Title Deed Fee is 4 %. Both the purchaser and the seller are liable to pay the title deed fee as 2 % of the price of real estate (except Value Added Tax). However, according to the President Decision dated 30/12/2018 and numbered 535, the total [...]

By |2019-03-15T13:29:14+00:00February 18th, 2019|Real Estate, Tax Law|Comments Off on Tax Liability When You Are Buying A Real Estate In Turkey

Taxation and International Cooperation in Turkey

Taxation and International Cooperation in Turkey Under Article 73 of the Turkish Constitution, everyone in Turkey is under the obligation to pay taxes according to his or her financial resources in order to provide for the public expenditure. The term “everyone” has wide scope and includes legal persons, individuals, citizens, residents and non-residents for tax [...]

By |2019-02-18T14:47:58+00:00February 18th, 2019|Tax Law|Comments Off on Taxation and International Cooperation in Turkey

Tukey’s System Relating to Exchange of Information on Tax Matters

Tukey’s System Relating to Exchange of Information on Tax Matters Geographically, Turkey forms a natural bridge between the continents of Asia, Africa and Europe. This unique geographical position gives it easy access to strategically important trade areas. Its location and economic relations with various countries is reflected in an extensive network of 82 double taxation [...]

By |2019-02-18T11:06:54+00:00February 18th, 2019|Tax Law|Comments Off on Tukey’s System Relating to Exchange of Information on Tax Matters

A New Law Eliminating VAT For Foreign Property Buyers In Turkey

Turkey’s parliament has approved an omnibus law which introduced an exemption of 18 percent of value-added tax (VAT) for foreigners who invest in real estate in Turkey. The law, which was passed by parliament late on Feb. 23, will also be applicable to Turks who live and work abroad for more than six months. Foreigners [...]

By |2018-01-26T15:34:22+00:00January 26th, 2018|Real Estate, Tax Law, Uncategorized|Comments Off on A New Law Eliminating VAT For Foreign Property Buyers In Turkey