Presidential Decision No. 7346, which increases the standard VAT rate from 18% to 20% and increases the reduced VAT rate of 8% to 10% with effect from 10 July 2023 (1% VAT rate unchanged); andPresidential Decision No. 7347, which increases the tax rates for games of chance to 10% for joint bets on sports events, 14% for horse racing, and 20% for other games of chance with effect from 7 July 2023.
Source: orbitax.com
Latest Posts in "Turkey"
- Understanding Non-Deductible VAT in Turkey: Rules, Scenarios, and Documentation Requirements
- Guide to VAT Refunds for Foreign Tourists Shopping in Turkey
- EU and Turkey Recognize Electronically Issued A.TR Movement Certificates for Imports
- Non-Deductible VAT: Legal Framework and Implications for Taxpayers
- Guide to Claiming VAT Refunds for Tourists Shopping in Turkey
