Turkey abolishes right of businesses to deduct import VAT under certain measures

Businesses importing goods into Turkey will no longer be able to deduct import VAT under certain circumstances, according to a new presidential decree.
The decree states that deductions made under certain trade policy measures are no longer valid, specifically related to import VAT declared due to anti-dumping duty, countervailing duty, protective measures, and surveillance instruments.
This means that businesses will not be able to deduct VAT paid on the higher value, resulting in a lower amount of deductible VAT.
Additionally, no VAT can be deducted when paid within the scope of customs duties or other financial protection measures.