A Reminder For Sure Authorized Practices To Pay Consideration In The New Yr – Tax


A Reminder For Certain Legal Practices To Pay Attention In The New Year

21 January 2021


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  • With the Presidential Decree No. 3343, deadline for debt
    restructuring applications and for payment of first installments is
    01.02.2021, within the scope of the Law No.
  • With the Presidential Decree No. 3343, for the taxpayers, who
    applied for debt restructuring within the scope of the Law No.
    7256, deadline for the first installment of tax payments is
    01.03.2021, and for the first installment of SSI payments is
  • With the Presidential Decree No. 2812, changes in VAT rates
    applied for certain goods and services are extended until
    • VAT rates of certain goods and services are reduced from 18% to
    • VAT rates of certain goods and services are reduced from 8% to
    • You can access our article regarding the sectors, which are
      subject to VAT rate changes from this link.
    • As of 23 December 2020, VAT rates of deliveries of Covid-19
      vaccines approved by the Ministry of Health are reduced to 1%,
      until 31.12.2021.
  • With the Presidential Decree No. 3319, application of reduced
    tax deduction rate from 20% to 10%, in leasing real estates as per
    Income and Corporate Tax Law is extended until
  • It is necessary to submit and GEKAP declaration, regarding
    July-August-September-October-November-December 2020 period, and
    pay for the contribution share until 01.02.2021,
  • Valuable Residence Tax application, published in the Official
    Gazette No. 31365, has come into effect on
    • “Valuable Residence Tax” has been issued as per
      42nd and 49th articles added to Property Tax
      Law, within the scope of the Law Regarding Amendment on Digital
      Service Tax No. 7194 and Decree Law No. 375.
    • Submission of valuable residence tax declaration has become
      necessary as of 2021 for real estates in Turkey which exceeds
      5.000.000 Turkish Lira in 2020 value as per 29th article
      of Property Tax Law.
    • Related amount, mentioned in 42nd article of
      Property Tax Law, has been determined as 5.227.000 Turkish Lira for
    • Related declaration is required to be submitted to the tax
      office where the property is located, by the end of
      20th day of February
    • Valuable property tax is necessary to be paid in two equal
      installments in February and August.
  • For joint-stock companies, Board Decision Ledger, Stamp Tax
    Ledger; for limited liability companies, Board of Directors
    Decision Ledger and Stamp Tax Ledger interim notarizations are
    required to be done by the end of January.

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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