VATupdate

Non-contractual use of the premises subject to VAT?

An unreliable tenant of service premises who uses it without a contract can be a real nuisance for the property owner. It can also be problematic in terms of value-added tax.

On June 24, 2022, the Director of the National Tax Information (KIS) issued an individual ruling (reference number 0111-KDIB3-1.4012.151.2022.2.MSO) on VAT taxation of compensation for non-contractual use of the premises.

Source: asbtaxblog.com

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