العربية
The Tax Exemption law in Turkey was first introduced in 2017. This exemption applies to both foreigners and Turkish residents living abroad for more than six months.
Its main goal is to encourage these groups to increase their investments in Turkish real estate.
Types of taxes covered by the Tax Exemption in Turkey:
- The Tax Exemption in Turkey covers commercial properties subject to an 18% value-added tax, as well as residential properties with a value-added tax ranging from 1% to 8% and 18%.
- The Tax Exemption does not cover property transfer fees, annual taxes, service fees, and monthly subscriptions.
- The exemption is limited to the value-added tax and does not include farming land.
Tax Exemption requirements in Turkey:
The Tax Exemption law in Turkey imposes several conditions that must be met to qualify for a value-added tax exemption.
These conditions include:
- Not having residency in Turkey.
- Transferring the property’s value from abroad in US Dollars or Euros.
- The property should be new and sold for the first time (not used).
- The property cannot be sold within one year of purchase.
Documents required for obtaining Tax Exemption in Turkey:
- Valid residence permit from outside Turkey (certified).
- Document proving non-residency in Turkey from Turkish Immigration Authorities.
- Entry and exit records to Turkey from the General Directorate of Security.
- Bank receipt confirming the transfer of property value in foreign currency from outside Turkey.
- Formal application to the Turkish Tax Directorate for Tax Exemption.
