Circular 2025 – 067
Law No. 7566 Amendments to the Tax Legislation
The Law No. 7566 on ’Amendments to Tax Laws and Certain Laws and Decree-Law No. 631,“ published in the Official Gazette dated December 19, 2025, and numbered 33112, includes provisions amending tax legislation.
The regulations regarding Tax Legislation are summarized below.
Discontinuation of interest expense deduction in the taxation of residential rental income
The possibility of deducting interest on loans used for the purchase of rental housing from rental income has been terminated, starting from the tax periods beginning in 2025, with Article 1 of Law No. 7566.
The fourth provisional tax period declaration has been included in the reapplication.
With Law No. 7566; effective from the tax periods commencing on 01.01.2025, and to be applied to the declarations of income and gains; the fourth provisional tax period has been reincorporated into the system through the amendment made to Article 120 of the Income Tax Law, titled “Provisional Tax.”.
Income from certain investment funds has been subjected to withholding tax.
7566 sayılı Kanun’un 3. maddesiyle, Gelir Vergisi Kanununun geçici 67’nci maddesinde yapılan değişiklikle, sürekli olarak portföyünün en az %51’i Borsa İstanbul’da işlem gören hisse senetlerinden oluşan fonlardan;’’ Katılma payları sadece nitelikli yatırımcılara satılabilen, Türkiye Elektronik Fon Alım Satım Platformu’nda işlem görmeyen ve fon portföyüne alınacak varlık ve işlemlere ilişkin herhangi bir oransal sınırlamaya tabi olmayan yatırım fonları’’ için bir yıllık elde tutma süresine bağlı tevkifat istisnasına son verilmektedir. Böylece, istisna yalnızca genel yatırımcılara açık ve Borsa İstanbul’da işlem gören fonlarla sınırlanmış olmaktadır.
Increasing the tax-loss penalty to be applied to underdeclaration in the land registry
7566 sayılı Kanun’un 6. maddesiyle, Harçlar Kanununun 63 üncü maddesinde yapılan değişiklikle; tapu harcının eksik ödendiğinin tespiti halinde tarh edilecek tapu ve kadastro harcı için uygulanacak vergi ziyaı cezasının %25 yerine “bir kat” şeklinde belirlenmiştir.
Introduction of a proportional notary fee for vehicle sales and transfers. .
With Article 7 of Law No. 7566, through the amendment made to Tariff (2) attached to the Fee Law, as of January 1, 2026, a proportional notary fee of 2 per thousand will be collected on the sales and transfer price, not less than the minimum fixed fee of 1,000 TL, for transactions related to vehicle sales and transfers. However, this fee will not be collected for sales and transfers of registered vehicles to those with a Used Motor Vehicle Trade Authority Certificate.
The tax base for the title deed fee in the transfer and acquisition of real estate
The phrase ’real estate tax value, or not less than the declared transfer and acquisition value“ in tariff (4) of the Stamp Duty Law was amended by Article 8 of the Law to ”declared transfer and acquisition value, or not less than the real estate tax value.“ Accordingly, in parallel with the application, it has been clarified that the title deed fee for real estate transfers and acquisitions will be levied on the purchase and sale price declared by the taxpayers, which is not less than the real estate tax value, and this has been brought into compliance with the provision in Article 63 of the Stamp Duty Law which states, ”The title deed and cadastral fee for real estate transfers and acquisitions shall be calculated on the declared transfer and acquisition value, not less than the real estate tax value.“.
Inclusion of certain licenses and permits within the scope of annual fees.
With Law No. 7566, Article 9, a change will be made to Tariff (8) annexed to the Tax Law. Currently, licenses for jewelry trade, second-hand motor vehicle trade, and real estate trade, which are not subject to tax, will be subject to annual tax. Licenses for private health institutions providing outpatient diagnosis and treatment, and private health institutions providing oral and dental health services; permits for veterinary clinics, polyclinics, and animal hospitals; and precious metals and aviation operation permits will also be subject to annual tax. Additionally, the taxes on permits issued for opening private hospitals and laboratories, which are currently only subject to tax upon license acquisition, and tourism facility operation certificates have also been made annual.
Imposition of a cap on the 2026 real estate tax increase, determined by the unit values of land and real estate appraised by Appraisal Commissions.
By amending Article 10 of Law No. 7566 and Article 23 of the Property Tax Law, a cap has been imposed on property tax increases, which cannot exceed twice the tax value of the previous year for the year 2026. For the years 2027, 2028, and 2029, property tax values will be calculated by increasing the previous year's values by the revaluation rate determined for the same year.
You can access the relevant law text via the following link.
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