Turkey:
The Government Increases The Threshold For Stamp Tax Liability
09 February 2017
Ersoy Bilgehan
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We refer to our detailed article1 on the
amendments to the Law on Stamp Duty published on our website and
bring to your attention a further update on the same subject
matter.
A Communiqué (No: 61 on the Law on Stamp Duty) was
published in the official gazette dated 27 December 2016 and
numbered 29931 increasing the ceiling for stamp duty payable on
certain documents.
According to the Communiqué, as of 01 January 2017, the
ceiling of the stamp duty to be levied has been increased to TRY
1,865,946.80 whereas previously, this was TRY 1,797,117.30. The
ceiling on stamp duty shall apply to documents signed both in
Turkey and abroad.
Footnote
[1]
ErsoyBilgehan Client Alert - Turkey Attempts to Rehabilitate the
Economic Climate by Introducing Reforms to the Law on Stamp
Duty
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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