In the dynamic world of short-term rentals, Turkey has recently enacted the “Regulation on the Rental of Residences for Tourism Purposes,” which came into effect on January 1, 2024. This regulation, aimed at governing rentals of less than 100 days, brings forth a series of obligations and considerations for homeowners looking to list their properties on platforms like Airbnb. As experts in legal matters, Bayraktar Attorneys presents this comprehensive guide to help you navigate the intricacies of Turkey’s new Airbnb law.
Understanding the Regulation
The regulation, published in the Official Gazette on December 28, 2023, mandates that individuals intending to engage in daily and short-term rentals must fulfill specific requirements supervised by the Ministry of Tourism and Culture. Among these requirements is the necessity to obtain a tourism residence certificate, which is essential for homeowners seeking to rent their properties for less than 100 days.
Related: Legal Considerations For Sub-Rental & Airbnb In Turkey
Key Considerations for Homeowners
- Obtaining a Tourism Residence Certificate: To operate within the bounds of the law, homeowners must secure a tourism residence certificate from the Ministry of Tourism. This certification is mandatory for listing properties on platforms like Airbnb. Failure to obtain this permit can lead to severe penalties, ranging from fines of 100,000 TL for initial offenses to up to 1,000,000 TL for repeated violations.
- Displaying the Tourism Residence Plaque: Homes with tourism residence certification must prominently display a plaque at their entrance, as stipulated by the regulation. Failure to comply with this requirement may result in fines starting from 100,000 TL for initial offenses and increasing for subsequent violations.
- Understanding Tax Obligations: Homeowners are responsible for handling tax collections and payments. It’s crucial to familiarize yourself with Turkey’s taxation laws, which mandate individuals earning rental income above a certain threshold to declare their earnings and pay taxes accordingly.
Ensuring Compliance with Bayraktar Attorneys
At Bayraktar Attorneys, we understand the complexities of Turkey’s Regulation on the Rental of Residences for Tourism Purposes and are here to offer expert legal guidance and assistance. Our team can help you navigate the regulatory landscape, ensuring compliance with the law while maximizing the benefits of short-term rentals for your property. Contact us today to learn more about how we can support you in navigating Turkey’s new Airbnb regulations effectively.
In conclusion, navigating Turkey’s new Airbnb law requires careful attention to detail and adherence to regulatory requirements. By staying informed and seeking expert legal guidance, homeowners can ensure compliance and confidently engage in short-term rentals, maximizing the potential of their properties in the evolving rental market.
