Penalty for paying rent by hand
Those who do not make rent payments through banks and PTT, but make them by hand, will be fined 10 percent of the rent amount for each detection.
The Revenue Administration (RA) opened the “Draft Income Tax General Communiqué on the Obligation of Certification in Rental Payments” for comment on its website.
In this context, collections and payments to be made regarding workplace and housing rental transactions carried out by income and corporate taxpayers and those who do not have any taxpayer registration will be made through banks or PTT.
Collections and payments made for weekly, daily or similar short-term residential leases are also included in the scope of certification.
In the current practice, it was obligatory to pay workplace lease payments regardless of the amount, and housing lease payments had to be paid through banks or PTT if they exceeded 500 liras. According to the draft, this limit is abolished for residential rents and all payments must be made through a bank or PTT.