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Changes in VAT Deduction for Imported Goods due to Presidential Decision

  • The company SUN BAĞIMSIZ DENETİM VE YEMİNLİ MALİ MÜŞAVİRLİK A.Ş. is located in Izmir, Turkey.
  • The company’s contact information includes their address, phone number, fax number, email, and website.
  • The company is informing the Accounting Department about a decision made by the President regarding the non-deductibility of VAT paid due to surveillance and protection measures in imports.
  • The decision applies to undeclared amounts and taxes, fees, and charges related to goods subject to surveillance, as well as customs duties and additional financial obligations related to protection measures and anti-dumping taxes.
  • The decision came into effect on November 24, 2023.
  • VAT that is not deductible can still be considered as cost in inventory and expenses/costs in fixed assets.

Source: pkfizmir.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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