Glossary
KDV İstisnası (VAT Exemption)
A legal exemption releasing non-resident foreign buyers from VAT on the first sale of new residential or commercial property, bought directly from the developer.
Applies only to the first sale of a new property — it does not apply on the resale market.
At least 50% of the price must be transferred from abroad in foreign currency before the developer issues the invoice, with the remainder due within one year; a Döviz Alım Belgesi (DAB) confirming the currency transfer is mandatory.
A property bought under this exemption cannot be resold within 3 years of Tapu registration — an earlier sale triggers collection of the unpaid VAT plus a late-payment penalty.
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