- Turkey has increased the VAT refund threshold for reduced VAT transactions.
- The new threshold is 90,800 Turkish lira (US$3,051).
- This increase is effective from January 1, 2024.
- The previous threshold was 57,300 lira (US$1,925).
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.
