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Cash Payments for Rents Banned in Türkiye; All Rents Must Be Paid From Bank Accounts
Those who earn rental income from workplaces and residences and tenants are required to document all collections and payments related to rent, regardless of the rental amount, with documents issued by banks or post offices.
Collections and payments related to short-term housing rentals such as weekly or daily cannot be made in cash.
In the case of renting shared real estates, if the entire rental fee is paid to one of the lessors through banks or PTT, it is assumed that the documentation requirement is fulfilled.
Collections and Payments Not in Scope
Collections and payments made through court and enforcement or in kind are not within the scope of the documentation requirement.
Documents to be Accepted in Return for Collections and Payments
– Receipt
– Account statement schedules
Tools to be Used through Banks or PTT
– Deposit
– Money Transfer
– EFT
– Check
– Bank and credit card etc.
Source: Revenue Administration
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.