Law No. 7394 on Amending the Law on Immovable Property of the Treasury and Amending the Value Added Tax Law and Amending Some Laws and Decrees (“Law“) was published in the Official Gazette dated 15 April 2022 and numbered 31810. One of the provisions set out under this Law is the amendment to the duration of the sale ban in relation to the value-added tax (“VAT “) exemption that applies to foreign real and legal persons and Turkish citizens living abroad under certain conditions.
Source: Mondaq
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