Calis Beach and Fethiye Turkey Discussion Forum

Information and Services in Turkey Section => Banks, Interest, Money Transfers, Insurance => Topic started by: JohnF on July 28, 2017, 14:33:06 PM

Title: Payment for short term/holiday lets
Post by: JohnF 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

Title: Re: Payment for short term/holiday lets
Post by: stoop on July 29, 2017, 10:35:14 AM

A Turkish bank?

Title: Re: Payment for short term/holiday lets
Post by: JohnF on July 29, 2017, 16:01:03 PM

Its not specific, so would assume any bank.

JF

Title: Re: Payment for short term/holiday lets
Post by: KKOB 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.

Title: Re: Payment for short term/holiday lets
Post by: mac2010 on July 31, 2017, 09:22:45 AM

It has to be a Turkish bank account so informed by the accountant this year.

Title: Re: Payment for short term/holiday lets
Post by: JohnF 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