Turkey:
The Ceiling For Stamp Duty Raised By 58.46% For 2024
09 January 2024
Ersoy Bilgehan
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The Turkish Revenue Administration has revised the ceiling
of stamp duty that became applicable as of 1 January 2024.
A new communique, namely the Stamp Duty Code General Communique
numbered 68, has raised the ceiling for stamp duty payable on
documents and contracts executed and/or relied upon in Turkey by
58.46% to TRY 17,006,516.30 (approximately EUR 520,000 at the
exchange rate applicable on the date of this alert). The percentage
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
value, depending on the type of agreement. The fixed amount of
stamp duty applicable for certain documents has also been raised by
58.46%.
Please do not hesitate to contact us if you would like to have
more detailed information on stamp duty or have any other
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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