With the adoption of 2016/9153 numbered decision published in Official Gazette dated 07 September 2016, the 18% legal rate applied at residence delivery has been changed. Provisional article numbered 2 states that; “The tax rate regulated under Article 1/1/c shall be applied to deliveries of real estates until 31 Marh 2017 (including this date) instead of the tax rate regulated under Article 1/1/a of this law).” Below you will find the summary of new tax rate regulation regarding real estate deliveries to be enforced until 31st of March 2017;
1- If net usage area is more than 150 m2, 8% vat shall be applied as new vat rate to real estate deliveries between 08.09.2016 and 31.03.2017.
2- If net usage area of real estate is below 150 m2, its field m2 unit cost is TL 1.000 or more, and it is located in Metropolitan city, which is in the scope of Metropolitan Municipalities Law, 8% vat shall be applied as new rate in real estate deliveries between 08.09.2016 and 31.03.2017.