- VAT refund threshold for transactions subject to reduced VAT rate in Turkey increased to 90,800 Turkish lira for 2024
- Previous threshold was 57,300 lira for 2023
- Amendment announced in Communique No. 48 published in the Turkish Official Gazette
- Update took effect on January 1, 2024
- Ministry of Treasury and Finance will administer the amendment.
Source: globalvatcompliance.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.
