- Communique No. 50 has been published in the Turkish Official Gazette, amending VAT rules.
- The communique includes measures such as amending provisions related to VAT refunds for transactions subject to withholding.
- The VAT exemption period has been extended to Dec. 31, 2028, for specific services provided to technology development zones, urban transportation systems, and social security institutions.
- The communique clarifies the deduction of VAT paid by declaring as responsible.
- It also clarifies the determination of the correct VAT declaration period for deductions.
- The communique generally enters into force on the same date, except for Articles 2 and 3, which enter into force on March 1.
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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