Turkey's Revenue Administration has announced the publication of General Communiqué 7194 of 15 January 2021 in the Official Gazette, which clarifies the application of the valuable housing (residence) tax introduced by Law No. 7194/2019, including several examples. The tax was originally to apply from 1 April 2020 but was delayed to 1 January 2021.

The General Communiqué confirms, among othe…