What is Stamp Duty?
Stamp duty is a type of tax levied on official transactions and contracts. In Turkey, stamp duty is applied at certain rates for many documents and contracts. Thanks to the stamp duty calculation tool, you can quickly and easily calculate the stamp duty amount to be paid based on the contract value.
How Is Stamp Duty Calculated?
Stamp duty is generally calculated by multiplying the total amount in the agreement by the designated rate. Different stamp duty rates may apply for each document type.
For example, if the stamp duty rate applied to an agreement is 0.948% (9.48 per thousand), the calculation is as follows:
Stamp Duty = Agreement Amount × Stamp Duty Rate
The stamp duty calculator automates this process and instantly shows the tax to be paid based on the agreement amount.
Which Documents Are Subject to Stamp Duty?
Stamp duty can be applied to many official documents and transactions. The most common examples are:
Rental agreements
Service agreements
Letters of undertaking
Guarantee agreements
Vehicle sales contracts
The stamp duty rate to be applied may vary depending on the document type. Therefore, when calculating stamp duty, the document type and the rate to be applied must be taken into account.
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Frequently Asked Questions
Who is responsible for the stamp duty?
Stamp duty is typically paid by the parties involved in the contract. In some cases, depending on the agreement between the parties, the contract may specify which party is responsible for paying the tax.
On which transactions is stamp duty applied?
Stamp duty can be applied to many official documents such as lease agreements, service contracts, guarantee transactions, vehicle sales documents, and more.
How is the stamp duty rate calculated?
The stamp duty rate is applied based on the rates specified in the regulations for each document type. Different stamp duty rates may apply to various contracts and documents.