The Regulation on Contributions For Protection of Immovable
Cultural Properties ("Regulation") has entered into
effect. The Regulation requires 10% of the annual real estate tax
for buildings and land to be paid as a contribution toward
protecting and using immovable cultural property. The Regulation
outlines procedures and principles for imposing, accruing,
collecting, transferring and using the contributions. It was
published in the Official Gazette on 22 August 2015 by the Ministry
of Culture and Tourism (the "Ministry"), entering into
effect the same day.
Imposing, Accruing and Collecting the
In the first year of tax liability, building and land owners
must pay 10% of the annual real estate tax value as a
In following years, contributions will be 10% of the real estate
tax value, after applying the revaluation ratio for the previous
year's tax value, as per the provisions of the Tax Procedure
Code number 213, at the rate of 50%.
Declare the amount which has been collected to provincial
special administrations or investment monitoring and coordination
Deposit the money in the relevant regional contribution account
by the evening of the tenth day of the month after collecting the
The mayor and accounts manager are jointly liable for
transferring the collected amounts to the relevant regional
contribution account in time. Legal action will be taken against
the liable persons if the transfer does not occur by the due time,
or the amount is used for different purposes.
Use of Contributions
The governor distributes the funds specifically for use in
plans, projects, applications and expropriation transactions
undertaken to protect or value immovable cultural properties.
The governor must determine in a fair and equitable manner how
the funds will be used, after giving consideration to the number of
existing immovable cultural properties, their current status and
their effect on the city's cultural values.
Applications, Evaluations and Payment
Provincial special administrations, the investment monitoring
and coordination directorate, and municipalities can all apply to
benefit from contribution payments towards protection and valuation
of immovable cultural properties. Applications must be made within
two specific periods per year (determined by the governors).
Governors must assess the applications to receive funds by the
end of the month following the application period. If necessary,
governors can establish an advisory commission to assess the
applications and determine priorities.
The governorship must send a written notification to the
relevant municipalities, provincial special administration or the
investment monitoring and coordination directorate regarding the
payment ratios for activities within the Regulation's scope.
The approximate expenses for each project which the governorship
decides should receive a payment from the contribution amount will
be blocked in the contribution accounts held by provincial special
administrations. The blockage will stay in place until the project
At the beginning of the month when applications are assessed,
the governorship must announce:
The contribution account status.
The amount allocated to the Ministry, provincial special
administration, investment monitoring and coordination directorate,
Distribution of this amount among these organizations.
The governorship must also report this information to the
Ministry and Ministry of Interior twice per year.
Please see this link for full text of the Regulation
(only available in Turkish).
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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The Cyprus Tax Department recently issued Forms T.D 38, T.D 38Qa and T.D 38Qb applicable to individuals being Cyprus tax residents but non-Cyprus domiciled.
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