Rental Tax

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Charlotte55
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Rental Tax

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Post by Charlotte55 »

Does anyone know the current rate of rental tax please on a TL rental contract
and also if the tenant is not able to pay due to the pandemic closures , no work .....is an owner due to pay this anyway?
Asking for a friend in UK
Thank you
C

David86
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Re: Rental Tax

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Post by David86 »

Rental Tax Rates in Northern Cyprus
8% – if rental payment (as per Tenancy Agreement) is Turkish Lira;
13% – if rental payment (as per Tenancy Agreement) is in any other currency GBP, USD, EUR, etc.

Source: http://www.erginellaw.com/letting-a-pro ... rn-cyprus/

David86
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Re: Rental Tax

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Post by David86 »

As you can read in the article above, it is a landlord responsibility to pay rental tax, not a tenant. Unfortunately, I did not see any news regarding rental income reduction.

ozankoys
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Re: Rental Tax

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Post by ozankoys »

In the event of non receipt of rent a letter should be taken to the tax office every month giving all the agreement details & reason for non payment. Suggest you take 2 copies, get them to sign & stamp one so you can keep a record.

Charlotte55
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Re: Rental Tax

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Post by Charlotte55 »

Thanks everyone
C

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