The Ministry of Finance Said, Stop Selling Housing With Office Name!

The Ministry of Finance has introduced new regulations to mean 'stop selling  houses under the name of the office'. The immovables, which are shown in the form of Tapuda workplace, are being sold for residential use but are subject to 18 percent VAT.
According to Cahit Saraçoğlu's report from Yeni Safak Newspaper; The Ministry of Finance has prevented the low tax rate from being calculated as a low rate VAT by selling it as office or büroyu residence.
Moreover, the processing carried out in this way was also done unfairly on VAT. The finance was ahead of him.



Regarding the VAT rate to be applied to the sales of finance, residence and workplace, based on the title deed records, the net area was applying VAT at 1 percent for housing deliveries up to 150 square meters and 18 percent for workplace deliveries.
The finance is now sold as a residential building or residence of a deputy, a workplace, an office, and a real estate of up to 150 square meters, which is sold for use as a residence. Thus, based on the records and license records that he has maintained for years, he published specials to determine the VAT rate.
In addition to this regulation, the Ministry of Finance has begun to refund VATs incompletely incurred due to incomplete calculations of taxpayers applying the wrong VAT rate in residential and office-office sales on the basis of the specials given between 2011 and 2014.

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