Author Topic: Payment for short term/holiday lets  (Read 458 times)

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Offline JohnF

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Payment for short term/holiday lets
« on: July 28, 2017, 14:33:06 PM »
Been a change recently (9th June) regarding payments received for short term rentals.

Now against the law to accept cash - all payments must be made via a bank or the PTT.

Gazetted on 9th June 2017, No 30085.

JF

Offline stoop

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Re: Payment for short term/holiday lets
« Reply #1 on: July 29, 2017, 10:35:14 AM »
A Turkish bank?

Offline JohnF

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Re: Payment for short term/holiday lets
« Reply #2 on: July 29, 2017, 16:01:03 PM »
Its not specific, so would assume any bank.

JF

Offline KKOB

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Re: Payment for short term/holiday lets
« Reply #3 on: July 29, 2017, 17:42:54 PM »
We were told a few years ago by a Turkish accountant that provided there was a paper trail available for the payments it wouldn't matter where the bank was based.

Offline mac2010

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Re: Payment for short term/holiday lets
« Reply #4 on: July 31, 2017, 09:22:45 AM »
It has to be a Turkish bank account so informed by the accountant this year.

Offline JohnF

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Re: Payment for short term/holiday lets
« Reply #5 on: July 31, 2017, 10:59:07 AM »
As I said, nothing in the new law (that I can see!) to suggest it has to be a Turkish bank.  It does highlight, as KKOB mentioned, that there has to be an audit trail provable by documentation.

Although, like everything in Turkey, local interpretation of legislation is often more important than the actual wording of the legislation itself.

JF


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