Stamp duty and rates on fees applied on certain real estate transactions, RUSF rate over TL denominated loans extended abroad have been decreased.

The stamp duty rate applicable on documents drafted concerning the construction sector that are mentioned within the sub-clauses no (14) and (17) of the clause titled as "A. Documents retaining certain amounts of money" existing in the section "l. Documents pertinent to contracts" of the table no (1) attached to the Stamp Duty Law has been set at 0 (Zero) through the Council of Ministers Decision no.2017/9973 published in the Official Gazette dated 15 March 2017. The aforementioned documents are provided within the table below:

Also, through the Council of Ministers Decision;

- Title deed fee applied as 20 per thousand over the title deed transactions listed within sub-clause (a) of the clause no (20) in section titled as "l. Title deed transactions" existing in the tariff no (4) linked to the Act of Fees, has been set at 15 per thousand for residences and offices (including the ones with construction servitude based) to be effective until 30 September 2017 (including this date).

- Excluding the banks and finance companies, the RUSF rate ( Resource utilization support fund) on TL denominated loans extended abroad to those resident in Turkey (except fiduciary transactions) has been set as 1% for those with average maturity up to one year and 0 % with average maturity of one year and over.

The regulations provided above have been enacted as of the Council of Ministers Decision's date of promulgation.

Our explanations provided above include general information on the issue. No responsibility can be claimed against    
EY and/or  Kuzey YMM ve Bağımsız Denetim A.Ş. due to the implications arising from the context of this document or emerging with respect to its context.


Best Regards,
Kuzey YMM ve Bağımsız Denetim  A.Ş.