- The Turkish Official Gazette published Communique No. 53 on December 30
- The communique raises the VAT refund threshold to 130,700 Turkish lira from 90,800 lira
- This adjustment applies to transactions in 2025 that are subject to a reduced VAT rate
- The new regulations will become effective starting January 1, 2025
Source: news.bloombergtax.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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