There are important things that a company’s owners should know consider in all their details when starting to establish a company in Turkey, including the wage tax (stopp), which will be on your company's list of expenses.
Therefore, in this article, we provide detailed information about the wage tax (stopp), how it is calculated, and to whom it is applied.
What is the Wage Tax in Turkey?
It is a tax imposed on the lease contract of the official corporate headquarters, as it is deducted when the owner of the company organizes the lease contract with the owner, and it is not required that the contract be certified by the notary office.
How is the Wage Tax (STOPP) Calculated in Turkey?
The value of the stopp tax is calculated on the basis of a quarter of the value of the lease contract, and it is paid every three months at the Turkish Tax Authority.
If you pay a monthly rent of 1000 TL, the stopp tax is 250 liras for each month, and therefore every 3 months you pay the tax authority 750 liras.
Who Should Pay the Wage Tax?
In fact, the wage tax is supposed to be applied to the property owner and not to the tenant, but otherwise is customary; As the tenant is obligated to pay the tax amount to the tax authority on the due date periodically.
The Fine for Unpaid Property Rent through Bank
A fine of 5% applies to anyone who does not pay the rent via bank or mail; Whereas, under Turkish law, anyone who rents or rents premises must pay and receive rental imports through bank or postal transfers.
This provision of the law applies to real estate whose owner obtains a rent of more than 500 liras per month.
Finally, you should pay close attention to everything related to the wage tax, while following up on the amendments announced from time to time on the tax, in order to avoid the violation that will result in paying a fine at the Tax Authority.
And if you need help and advice regarding stopp tax, feel free to contact us at Trustus, to get a free consultation.
We'd love to talk about how we can help you.
