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Old 25th February 2017, 07:09   #1 (permalink)
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VAT cancelled for foreign property purchasers

A report in a Turkish Newspaper informs us of the intent to cancel VAT for foreign property purchasers.

Turkey’s parliament has approved an omnibus law which introduced an exemption of 18 percent of value-added tax (VAT) for foreigners who invest in real estate in Turkey.

The law, which was passed by parliament late on Feb. 23, will also be applicable to Turks who live and work abroad for more than six months.

Turkish parliament passes law eliminating VAT for foreign property buyers - ECONOMICS
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Old 25th February 2017, 07:13   #2 (permalink)
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Re: VAT cancelled for foreign property purchasers

Economy must be in real trouble
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Old 25th February 2017, 07:38   #3 (permalink)
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Re: VAT cancelled for foreign property purchasers

This has come just in the nick of time to save $16,000,000 for the Iranian businessman who bought 47 (that's forty seven) apartments in an Istanbul tower block for $90,000,000.
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Old 25th February 2017, 17:25   #4 (permalink)
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Re: VAT cancelled for foreign property purchasers

Bear in mind,this is only applicable to a first property purchase,not subsequent,bought in foreign currency & the property isn't sold for one year.
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Old 14th March 2017, 00:24   #5 (permalink)
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Re: VAT cancelled for foreign property purchasers

Since when for sales with VAT exemption ? didn't find any information

Property not sold, paid in Euros bought in 2005 with final payment in 2006

Any change to get this exemption ?

If so how and where to get it ?

Thanks for answer
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