Turkey’s Revenue Administration has announced the publication of Presidential Decision No. 5189 on 13 February 2022, which entered into force on 14 February 2022 and provides for the application of a reduced VAT rate of 1% on supplies of foodstuffs in general, with the removal of the wholesale-retail distinction. Previously, the 1% rate was limited to wholesale supplies. With the changes, all supplies of qualifying foodstuffs are generally eligible for the 1% VAT rate, including wholesale, retail, import, packaged, and unpackaged. Eligible foodstuffs include, among others, legumes, rice, water, tea, sugar, salt, oils and fats, cake, pasta, meat, poultry, fish, milk, eggs, vegetables, and vegetable preparations.
Source Orbitax
Latest Posts in "Turkey"
- New VAT Exemption Guidelines for Capital Gains on Property and Share Sales Issued
- Türkiye Proposes VAT Exemptions for Crypto Deliveries and Residential Rentals in New Omnibus Law
- Turkey Ends VAT Exemptions for Foundation University Hospitals Effective January 2027
- Important Announcement on VAT Declarations: e-Beyan Application Expands to New Provinces in 2026
- Türkiye’s 2026 Omnibus Law: Targeted Changes to VAT Exemptions
