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Turkey Temporarily Allows VAT Deduction on Specific Imports, According to Presidential Decision

  • Presidential Decision No. 8000 has been published in the Turkish Official Gazette
  • The decision temporarily allows the deduction of VAT on specific imports
  • The right to deduct VAT is allowed if the import price is paid through the banking system before Nov. 24, 2023
  • The imports must be made by April 1, 2024
  • The decision applies retroactively from Nov. 24, 2023

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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