Turkey’s Revenue Administration has announced the publication of Presidential Decision No. 5249 on 1 March 2022. The decision provides for a reduction in the VAT rates on supplies of electricity for residential and agricultural irrigation purposes from 18% to 8%. The reduction is effective on supplies made from 1 March 2022.
Source Orbitax
Latest Posts in "Turkey"
- Turkey Releases Update to e-Invoice Package
- Turkey Updates E-Invoice System: Takes Effect October 2025
- Maximize Export Profits: VAT Refund Benefits for Manufacturing Exporters Explained
- Understanding VAT Refunds for Domestic Sales of DIIB-Certified Export Products
- Guide to VAT Refund Procedures for Service Exports: Exemptions, Declarations, and Refund Methods
