The Ministry of Treasury has increased inspections targeting landlords who rent cash. Those who commit irregularities in rent to evade taxes can face fines of up to 20 million lira.

The Ministry of Treasury has accelerated rental inspections as part of the fight against the informal economy. Following the removal of the 25% limit on rental fees, some opportunistic landlords have taken action. Complaints against landlords attempting to impose exorbitant rent increases have been on the rise. According to a report in Türkiye Newspaper, complaints regarding this issue have been submitted to the Presidential Communication Center (CİMER) and the Revenue Administration. It has been revealed that some landlords do not want to sign contracts to avoid high taxes, show their properties as vacant, or receive part of the rent in cash and the rest through a bank transfer. In response, the Ministry of Treasury has tightened rental inspections. Treasury teams will impose fines on landlords who show their properties as vacant, avoid signing contracts, or receive partial rent payments through banks.

TENANTS WILL ALSO FACE PENALTIES
The Ministry officially implemented the regulation increasing rental fines until October 2024. Additionally, with this regulation, penalties for both tenants and landlords in residential rentals have been implemented. Accordingly, in commercial rentals, the full amount and in residential rentals, amounts over 500 lira must be paid through banks or PTT. A fine of 10% of the rent amount will be imposed for each instance where rental payments are not made through banks or PTT, and this fine will not be less than 5,000 lira. Moreover, fines of up to 20 million lira can be imposed within a calendar year.