- Turkey implemented new VAT rates for medical products and special consumption goods with Decision Number 9126
- A 10% VAT rate now applies to licensed medical foods, human medicinal products, and related active ingredients
- A 20% VAT rate covers goods subject to special consumption tax and specific items in the Customs Tariff Schedule
- Changes aim to support public health initiatives and streamline tax classifications
- Decision took effect immediately upon publication in the Official Gazette
- The Minister of Treasury and Finance is responsible for implementing the provisions of the decision
Source: fiscal-requirements.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"
- Announcement on Updates to VAT Return Form No. 1 Effective from November 2025
- Turkey Considering DST Increase for Foreign Digital Service Providers
- Turkey Sets New Special Consumption Tax Rates for Cellular Devices Effective Oct. 24
- Türkiye Updates Special Consumption Tax Thresholds for Mobile Phones
- Turkey Extends E-Invoicing Deadline for Pharmaceutical and Medical Device Sector to December 2025
