Value Added Tax (VAT) exemption certificate is required for the delivery of machinery and equipment to taxpayers who hold incentive certificates. It is necessary to obtain an exemption certificate from the tax office. The person requesting the exemption certificate must be a VAT taxpayer without exception. If an exemption certificate is not obtained, the approach of the tax administration is procedural. The exemption certificate is required for machinery and equipment listed in the attached list to the incentive certificate. Machine and equipment purchases made from the date the exemption certificate is obtained will be exempt from VAT.
Source: kpmgvergi.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.
Latest Posts in "Turkey"
- 8% Tax Imposed on Yachts and Pleasure Vessels; Firearm Fees Doubled in Turkey
- Turkey Amends VAT Rules: Military Vehicle Exemptions, Refunds, and Import Tax Changes
- Türkiye Implements VAT Exemptions to Boost Defense Exports and Strategic Development
- Turkey Expands VAT Exemptions for Defense, Security, and Public Sector Transactions – Communiqué No. 55
- Amendments to VAT Communiqué: Electronic Submissions, Defense Project Exemptions, and Vehicle Delivery Rules