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TURKEY

What are Short-Term Rentals in Turkey?

Short-term rental in Turkey is described as the letting of furnished property to several people over the course of the year (mainly during the tourist season) for holiday (vacation) or, occasionally, work accommodation typically for not more than a couple of weeks. It is also popularly known as Holiday Rental.


Transient occupants or Tourists are the major tenants or guests of a short-term rental. They are defined as people who rent out a place other than their permanent place of residence for a short period usually for vacation or work.


What is the maximum length of stay?

The maximum length of stay in Turkey is not more than 90 days for each transient occupant but the short-term rental apartment can be let out for an unlimited number of days or times in the year as long as the short-term rental owner complies with the regulation that concerns the business.

Are there National Rules or Regulations Governing Short-Term Rentals in Turkey?

There are a number of national rules that guides short-term rental in Turkey. These include;


  • Short-term rental owners are required to obtain a Pansiyon license in the name of either a turkey citizen or a foreigner who holds a valid work permit.


  • The short-term rental property must have a valid fire report, smoke alarm, fire extinguisher, and two emergency lights.


  • There must be someone that will stay in the short-term property when guests are in the property.


  • Short-term rental owners are required to register their property on the GIYKIMBIL system and provide information about the person that will be staying with the guests such as the name and contact.


  • You are required to register the information of your tenants or guest in the GIYKIMBIL within 24 hours of check-in else you will be required to pay a penalty of 700 TL per day.


  • You are required to draft a contract with your guest.


  • You are required to register your short-term property as a business for the purpose of taxation.

Is there any National Tax that affects short-term rental?

Short-term rental owners in Turkey, are required to pay two countrywide taxes, that is, VAT and rental income tax. There are two options for paying rental tax in Turkey. The rental tax can be a lumped sum, that is at an assumed rate, or progressive tax, that is, it is calculated based on earnings.


  • Actual (real cost): This option of rental tax payment is used where accurate accounts are kept, income is recorded, expenses are properly documented, and receipts and invoices are saved and submitted when filing tax returns. The deductible costs from this tax option include water, electricity bills, insurance costs, renovation and maintenance costs, municipal charges, and taxes in kind relating to the business.


  • Lump-sum (assumed):  The tax office applies 25% of the income declared as rental income tax and there is no room for deduction in this rental tax option.


NOTE

For short-term rental owners that make less than 3,900TL in a year, nothing needs to be declared.

Short-term rental owners who earn a rental income of 500 TL and above per month are obliged to make payments through bank and postal administrations regardless of the amount.

The rental income period is from the 1st of March to the 25th of March of the next year. You must file your income statement at the end of that period, and the first installment of the taxes due on the rental must be paid on the 31st of March, and the second in July.

Read more about rental income tax in Turkey.

Are there any Permits, Licenses, or Registrations for Short-term Rentals in Turkey?

Short-term rental owners in Turkey are required to apply for tax permits, that is the rental income tax permit and the VAT permit, and the Pansiyon license from the local council (Belediye) where the property is located ****in the name of either a turkey citizen or a foreigner who holds a valid work permit. Once the license is obtained VAT must be collected on all bookings. The VAT return must be filled monthly even if it is nil else you will be charged a fine. You are required to file an income tax return and also renew the Pansiyon license with a fee annually.

It is important to check with your municipal authorities for the necessary registrations. Check your sub-national jurisdiction page on this website to access the latest information on the laws and regulations that applies to your short-term rental properties in Turkey.

Is there any National Association for STR owners in Turkey?

There is no national short-term rental association in Turkey at the time of compilation of this data.

For further information, please contact;


Ministry of Culture and Tourism

Address: İsmet İnönü Bulvarı No:32 06100 Emek Ankara Turkey

Tel: +90 (312) 470-80-00

Website: https://www.ktb.gov.tr/?_dil=2

Turkey Ministry of Treasure and Finance

Location: T.C. Hazine ve Maliye Bakanlığı, İnönü Bulvarı No:36 06510 Emek/ ANKARA

Phone: +90-555-5599-4335

Email: info@turkishhmb.org, ico@turkishhmb.org

Website: https://turkishhmb.org/




Disclaimer

Lodge compliance is not a licensed tax or financial advisor. Therefore nothing in the above article should be construed as tax, legal, or financial advice. Contact your local tax office for information regarding your personal circumstance.

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