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
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