19.12.2025 09:00
The new tax package, which was approved by the Grand National Assembly of Turkey (TBMM) and published in the Official Gazette, has come into effect. As part of the regulation, a fee will be charged for vehicle sales and transfer transactions, and the increase rate for property tax will be limited to 100% for the year 2026. With the new package, it is aimed to provide significant additional revenue to the public sector.
The new tax package, which was published in the Official Gazette and came into effect, has introduced new fees and tax applications in many areas. Under the regulation, an annual tax fee will be collected for jewelry activities, second-hand vehicle sales, documents of certain private healthcare institutions, precious metal transactions, and livestock operating licenses.
In order to prevent exorbitant increases in property tax, an important limitation has been introduced for the year 2026. Accordingly, building and land values cannot exceed twice the tax values for the year 2025. Municipalities cannot demand an amount above this limit. The property tax value will be increased each year by the revaluation rate based on the previous year's tax value.
EXEMPTION FROM VEHICLE SALES FEES REMOVED
With the new regulation, the exemption from fees applied to vehicle sales has also been removed. For the sale and transfer of registered vehicles, a proportional notary fee will be charged, not less than one thousand lira, based on the sale and transfer price. A fee of two per thousand will be collected for new and second-hand vehicle sales. The penalty for incorrect declarations in real estate sales, which was previously 25%, has been increased by one fold. In residential rental income, the income tax exemption for those other than retirees and those receiving widow and orphan pensions has been removed. Accordingly, those not in this group will pay taxes regardless of the amount of rental income.
Additionally, the practice of deducting the interest on debts used for the acquisition of leased goods and rights, excluding residences, has been terminated. The determination of taxpayers' earnings in periods of 3, 6, 9, and 12 months and the submission of a temporary tax declaration for the last quarter of the year have also been included in the regulation. The upper limit for earnings subject to premiums has been increased from 7.5 times the minimum wage to 9 times. A Value Added Tax exemption has been introduced for UEFA organizations, and it has also been decided that legal entities earning income from these organizations will be exempt from Income and Corporate Tax. Furthermore, the duration of the deferred check application has been extended from December 31, 2025, to December 31, 2028.
ANNUAL TAX FEE TO BE COLLECTED FROM OPERATING LICENSES
With the tax package published in the Official Gazette and coming into effect, an annual tax fee will be collected for jewelry, second-hand vehicle sales, documents of certain private healthcare institutions, precious metals, and livestock operating licenses. With the regulation, against high increases in property tax, the building and land values calculated for the year 2026 cannot exceed twice the tax values for the year 2025. Municipalities cannot demand a higher amount. The property tax value will be increased each year by the revaluation rate based on the previous year's tax value.
The exemption from fees related to the sale and transfer of registered vehicles will also be removed. A proportional notary fee will be charged, not less than one thousand lira, based on the sale and transfer price. A fee of two per thousand will be collected from new and second-hand vehicle sales.
PENALTY FOR INCORRECT DECLARATIONS INCREASED
The penalty for incorrect declarations in real estate sales, which was previously 25%, has been increased by one fold. In residential rental income, the income tax exemption for those other than retirees, and those receiving widow and orphan pensions will be removed. Those outside this group will pay taxes regardless of the amount of rental income.
With the new regulation, the practice of deducting the interest on debts used for the acquisition of leased goods and rights, excluding residences, will come to an end. The determination of taxpayers' earnings will now be made in periods of 3, 6, 9, and 12 months, and the temporary tax declaration for the last quarter of the year will be collected.
The upper limit for earnings subject to premiums has been increased from 7.5 times the minimum wage to 9 times. A VAT exemption will be introduced for UEFA organizations. Additionally, with the changes made, legal entities earning income from UEFA organizations will be exempt from Income and Corporate Tax. The duration of the deferred check application has been extended from December 31, 2025, to December 31, 2028.