2018 Turkish Stamp Duty Cap

Turkiye
04/01/2018
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In accordance with the Stamp Duty Law No:488, any legal documents signed in Turkey, or signed abroad where the beneficial interest of the parties lies in Turkey, will be subject to stamp duty, unless there is an applicable tax exception.

The Stamp Duty Law No:488 also provides for a cap on the amount of stamp duty payable, which is adjusted on a yearly basis. For 2018, the stamp duty cap shall be TRY 2,135,949.30.

Turkish law requires stamp duty to be either applied as a fixed duty or based on a percentage, and the amount will vary depending on the type of document. It ranges from 0.189% to 0.948%, calculated over the highest monetary amount set forth in the legal document.

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