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AK Party Group Deputy Chairman Muş, made a statement on the new tax arrangement. A valuable housing tax and a 2 percent levy on those who go on holiday have been raised.
Details of the new arrangement on the tax system have begun to emerge. A 2 percent tax was levied on those staying in hotels. The Income Tax upper limit will also rise from 35 percent to 40 percent.
AK Party Group Deputy Chairman Mehmet Muş made important statements on the issue. According to the statements of the Muş, a valuable housing tax and additional tax will be levied on some dwellings. The tax on foreign exchange transactions will also be increased from 1 per thousand to 2 per thousand.
Mus’s statements are as follows::
We’ll introduce a lodging tax. It is at 2 percent. It will be taken from the proceeds. For this year, it will be applied at 1 percent in 2020 and 2 percent in 2021. The tax will come into effect in early April 2020. It will be taken from the hosts. Students, diplomats, tax exceptions.
We propose increasing the Income Tax top tranche from 35 percent to 40 percent. Those who earn income above 100 thousand pounds will tax it. We’re removing the exception for athletes.
We bring the opportunity to declare the earnings of all real persons who have an income of 500 thousand TL.
We will have introduced a new tax proposal with a valuable housing tax.
In the private sector companies are offered an upper limit of 5,500 TL for rented cars. You can rent a car on it, but it won’t be remedied.
We recommend that the rate of exchange transactions tax increase from 1 per thousand to 2 per thousand.
The goal of the package is more tax from the multi-earner than the tax rate, less tax from the under-earner.
Content presented in digital media and all kinds of advertising and brokerage services will be taxed at a rate of 7.5%.