The Turkish government is moving forward with a draft law in the National Assembly that will create a major source of revenue to finance Turkey’s domestic defense industry. The draft law provides for the imposition of additional fees on transfers of real estate, vehicles, notarial acts and credit cards, which will be withheld to be allocated to Turkey’s “Defense Industry Support Fund”. Indicative of some of the amounts that will be collected as fees in favor of the Fund are: – On credit cards with a limit of more than 100,000 Turkish Liras (approximately 2,700 euros) an annual fee of 750 Turkish Liras (20 euros) – On property transfers 750 Turkish Liras (20 euros ) separately from the buyer and the seller – For other services at Land Registry Offices 375 Turkish Liras (10 euros) – For notarial acts for the registration of new vehicles 3,000 Turkish Liras (80 euros) – For notarial acts for the registration of used vehicles 1,500 Turkish Liras (40 euros) – For other notarial acts 75 Turkish liras (2 euros) for each […]
Source: News Beast
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
