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Old 12th November 2017, 18:51   #31 (permalink)
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Re: New rental rules for 2018

Thanks for the link. I dont rent but am just interested in the financial side, it's in the blood!

Is there a set level of profit for KDV in Turkey, like in UK where it must be paid if turnover is more than about £80k, or is it chargeable right from zero. ?
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Old 12th November 2017, 18:54   #32 (permalink)
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Re: New rental rules for 2018

Not sure Kanga, we did the fixed allowance method which was simply income tax, fairly painless and there is an on line calculator, the commercial side adds another dimension which I wouldn't want to be involved in.

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Old 13th November 2017, 10:11   #33 (permalink)
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Re: New rental rules for 2018

Having rented out several yrs ago, I hardly made a bean...just so many management issues... I gave up trying after a few very stressful yrs.. With all these new regs and registering to a computerised monitoring system or else 10,000tl fine...Why on earth would anyone rent out now...
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Old 13th November 2017, 17:15   #34 (permalink)
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Re: New rental rules for 2018

KDV (Turkish VAT) threshold is 0TL , there isn't one.
Checked the latest from the Kalkan accountant this morning, it will not be as complex as many are making out, the facts are not yet clear and people are making wild guesses. Much like last years reaction to the GIYKIMBIL system. It's a case of having to wait and see..
It is also apparent that how the GIYKIMBIL system and the associated rules around it are being used vary from one administrative area to another.

The TAX changes that the Turkish government are proposing can be found here Turkey introduces new measures to increase tax revenues
they do include a proposed change 'Currently, persons deriving rental income may benefit from a lump sum expense at a rate of 25%. Under the new regulation, the rate will be reduced to 15%.'
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