What is "stopaj money for the sellers tax"

juliachcc


Joined: 15/04/2009
Posts: 79

Message Posted:
26/05/2009 21:55

Elko - or anybody.......



Can you explain what the above is?



Juliachcc

cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
26/05/2009 22:15

I beleive it to be the transfer Tax payable for the transfer from vendor to purchaser - http://www.hbpg-trnc.net/documents/tax_transfer.html



Cooper

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
26/05/2009 22:26

I think Cooper is right but if anyone can help then Issmet will xxx

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
26/05/2009 22:43

"Stopaj" stopping the money at source. Let me explain with some examples:

I pay 4% "Stopaj" for goods I import. Suppose at the end of the year, the income tax payable on my earnings is 10,000 TL. If I paid 4,000 TL Stopaj, I have to pay only 6000 TL. So Stopaj is really payment of income tax in advance to be taken into account when settling my income tax later in the year.



I think it works in the same manner with Stopaj paid on sales of property. It is paid by the seller. I think the professional sellers (those selling more than 3 properties in a year) pay 6.25% Stopaj. I never sold any property so I do not really have first hand experience on it.

ismet

juliachcc


Joined: 15/04/2009
Posts: 79

Message Posted:
27/05/2009 14:22

Thankyou all - most helpful



juliachcc