Bank Requirement for Home and Business Leases

How tenants should pay the rent if a house or business is rented out is clearly spelled out by the Tax Procedure Code. According to the law, house rents above 500 lira must be paid through the bank or PTT. The rent below this limit can be paid out of hand. However, there is no such limit as 500,1000 lire on workplace rents. Regardless of the rental of the premises, the rent must be deposited in the bank.

rent through the bank and PTT is a must. The goal is to prevent unregistration. The Treasury imposes a "special penalty for irregularity" if it detects that rental fees have been paid or received from hand in the audits. Both the tenant and the lessor are responsible for this. The penalty has a monetary reward. According to the Tax Code, it is applied at the rate of 5 percent of each rental amount without penalty.

The penalty to be deducted does not fall below a certain limit. The lower limit for 2016 is 1370 lire for first-class traders and self-employed (tradesmen), 690 lire for farmers who keep books and earnings are determined simply, 340 lire for those who are not. For example, for housing rented for 1000 lire, the landlord will be fined 340 lire for each act contrary to the application. If the penalty is not paid on time, two surcharges can be deducted.

If the rental housing is not collected through the bank or the Postal Administration (PTT), the property owners will pay the penalty if the rental income is not collected through the bank or the Postal Administration (PTT). On the other hand, if the workplace rent is not paid in the same way without any limit, it will be the tenants and the tenants who rent the special penalty for irregularity. That is, the tradesman who pays the rent in hand and the owner of the workplace who receives the rent can be fined separately.

The tradesman should be especially careful about the hand payment of rent. In some cases, only the bank collection receipt may not be evidence that you paid the rent through the bank. Therefore, in order for those who pay workplace rent not to face criminal sanctions in the future, they should not be satisfied with bank statements, the lessor is recommended to issue an invoice if the person is the payer, and also an expense compass if he is not the payer. The view of finance is in this direction

result of a lawsuit demanding the abolition of the special penalty for irregularity, a decision of the Constitutional Court was published in the Official Gazette on 11 October 2016. The decision states that rental income will be deposited and collected through the bank or PTT, while penalties for those who violate it are not unconstitutional. In summary, the fine will continue to be deducted from the hand to the person who pays the rent and the buyer. Rent of 500 liras and more must be paid from the bank.