Turkiye removes right to deduct import VAT calculated due to certain trade policy measures

• 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

 

---

---