New Presidential Decree 9126 Sets VAT Rates for Medical Foods and Medicines

• A new presidential decree numbered 9126 was published on November 14, 2024
• This decree sets the VAT rate for specially licensed or imported medical foods at 10 percent
• The same 10 percent rate is applied to human medicinal products and their active ingredients listed in Annex I of decree 2007/13033
• An update in Annex II of the decree states that a general VAT rate of 20 percent applies to goods subject to special consumption tax and goods in the 85.17 position of the Turkish Customs Tariff Schedule
• The decree became effective the day following its publication

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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