Govt. Clarifies Applicability of Stamp-Duty Exemptions

As regulated under Law No. 10 of 2020 on Stamp Duty (“Law 10/2020”),[1] the imposition of stamp duty upon the following types of documents may be exempted on either a temporary or permanent basis:[2]

1. Documents that address transfers of land and/or building rights in order to accelerate processes involved in the handling and restoration of socio-economic conditions within an area in the wake of disasters that are designated as natural disasters (“Documents A”);
2. Documents that address transfers of land and/or building rights for land or buildings that are used to carry out activities that are solely religious and/or social and that are not commercial in nature (“Documents B”);
3. Documents that are used to encourage or implement government programs and/or policies of authorized institutions within the monetary and financial service sectors (“Documents C”); and/or
4. Documents that relate to the implementation of binding international treaties based on provisions set under laws and regulations that apply within the field of international treaties or based on the principle of reciprocity (“Documents D”).