The Decree No. 2017/9759 for amending the tax rates of the special consumption tax (SCT), VAT and stamp duty on certain goods and transactions was published in the official gazette on 3rd February 2017. A zero per cent rate is set for household electrical appliances and white appliance (including air conditioners, refrigerators, deep freezers, water heaters, bath heaters, washing and drying machines, vacuum cleaners) until 30th April 2017. Additionally, 8 per cent rate is fixed for wooden and plastic furniture, armchairs and office furniture till 30th April 2017. The 8% VAT rate is set on houses built with construction permits obtained between 1 January 2013 and 31 December 2016 with a tax value between TRY 500 and TRY 1,000 per square meter. With effect from 3 February 2017, 18% rate is applicable for houses with a tax value of more than TRY 1,000 per square meter. According to Law No. 6502, the stamp duty rate on real estate sales preliminary contracts and real estate sales contracts is reduced to 0% from 0.0948% and it effects from 3rd February 2017.
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