Turkish Official Gazette dated December 30, 2024, includes amendments to the General Communiqué on Value Added Tax (VAT). Key changes include:
- Adjustment of VAT Thresholds: The VAT threshold for 2025 has been updated to 130,700 TL, up from 90,800 TL in 2024.
- Effective Date: These changes will come into effect on January 1, 2025.
- Authority: The implementation and enforcement of these changes are under the jurisdiction of the Minister of Treasury and Finance
Source Resmigazete
Latest Posts in "Turkey"
- Digital Tax Office Announcement on VAT Returns Implementation in Turkey
- Changes in “Special Tax Base Transactions” Table of VAT1 Declaration Effective October 2025
- Important Announcement on Changes to VAT Declaration (KDV1) Effective October 2025
- New Regulation on VAT Refund for Depreciable Economic Assets (ATİK) in Turkey
- Turkiye Removes US Tariffs, Introduces New Blanket Tariffs on Motor Cars Based on Engine Type
