- Turkey revised VAT rates for medical products, special-purpose foods, and telecom equipment
- VAT rate for special medical-purpose foods approved by Ministry of Health set at 10%
- Special medical-purpose foods, human medical products, and active ingredients subject to 10% VAT if listed under specific Council of Ministers Decision
- General VAT rate of 20% mandated for import and delivery of goods subject to special consumption tax
- Decision published in Official Gazette on 14 November 2024 and came into force on the same day
Source: regfollower.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"
- Important Announcement: New e-Declaration System for VAT Returns Expands to Additional Provinces in 2026
- Updates to e-Invoice Package and VAT Code Controls Effective April 1, 2026
- Key Points for VAT Exemption Certificates under Temporary Article 37 of the VAT Law
- Turkey Revises Special Consumption Tax Rates for Petroleum Products Effective 11 March 2026
- Turkey Raises Taxes on Petroleum, Tobacco, Alcohol, Medicines, and Low-Value Imports Effective 2026
