- A recently promulgated Presidential Decree has abolished the right to deduct the import value added tax (VAT) declared due to certain trade policy measures.
- As a result, importers will not be able to deduct the VAT calculated on their import transactions due to certain trade policy measures — namely, anti-dumping duty, countervailing duty, protective measures and surveillance instruments.
- Therefore, for products imported into Turkiye that are subject to the above trade policy instruments, the amount of VAT that is deductible will be lower.
Source Turkey
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