BY ADMİN     29 MAY 2017

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“Stamp duty ratios regarding some papers specified in Table 1 annexed to Stamp Duty Law numbered 488 and fees on some transactions specified in Tariff number 4 annexed to Act of Fees numbered 492 and Resource Utilization Support Fund cuts have been readjusted by Council of Ministers Decree No. 2017/9973 published in the Official Gazette dated 15 March 2017 and numbered 30008.”

 

Deliveli Alp Law & Consultancy

 

1. Contracts that are exempt from stamp duty

 

Official construction agreements in return for independent units or official revenue-sharing construction agreements

Official construction contracts between the building contractors and subcontractors within the scope  official construction agreements in return for independent units or official revenue-sharing construction agreements

Consultancy agreements regarding construction works in return for independent units or revenue-sharing

Building inspection services agreements

 

2. Title deed fees of %2 (twenty per thousand)on the transactions specified under Article 20-a of Stamp Duty Law’s Tariff Numbered 4 in the section named “I- Title Deed Transactions”, have been re-determined as 1,5% (fifteen per thousand) on residences and workplaces until 30 September 2017 (this date included as well).

 

Title deed fees on transfer and acquisition of residences and workplaces in exchange for consideration or pursuant to the lifelong support agreement or in accordance with the provisions for barter, have been re-determined as 1,5% (fifteen per thousand) (being no less than the transfer and acquisition fee declared) separately for each party to be calculated over the property tax.

 

3. Re-determination of the deduction rate of the Resource Utilization Support Fund on some foreign loans provided

 

Except for the banks and finance companies, the deduction rate of the Resource Utilization Support Fund on foreign loans provided to the Turkish residents in TRY currency (except for fiduciary transactions); is determined as 1% for loans with average maturity period of up to one year and 0% for loans with average maturity period of more than one year.

Best Regards,

 

Deliveli Alp Law & Consultancy

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