The stamp duty cap for 2019 has been announced as TRY 2.642.810. In accordance with the Stamp Duty Law No:488, any legal documents signed in Turkey, or signed abroad where the beneficial interest of the parties lies in Turkey, will be subject to stamp duty, unless there is an applicable tax exemption.

Turkish law requires stamp duty to be either applied as a fixed duty or based on a percentage, and the amount will vary depending on the type of document. It ranges from 0.189% to 0.948%, calculated over the highest monetary amount set forth in the legal document.