Turkey:
The Ceılıng For Stamp Duty Raısed By 9.11% For 2021
05 January 2021
Ersoy Bilgehan
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The Turkish Revenue Administration has issued the revisions
to the stamp duty amounts and the ceiling that will become
applicable as of 1 January 2021.
Under a new communique, the Stamp Duty Code General Communique
numbered 65, which was published in the Official Gazette on 30
December 2020, the new ceiling for stamp duty has been increased
9.11% from the previous year to TRY 3,534,679.90 (approximately EUR
390,500 on the date of this alert). The rates of stamp duty remain
the same as the previous years which vary from 0.189% to 0.948% for
agreements that contain a monetary amount depending on the type of
agreement. The stamp duty for documents where a fixed amount is
applicable is also raised by 9.11%.
Please do not hesitate to contact us if you like to have more
information on stamp duty or have any queries.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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