- Turkey published VAT General Communiqué No. 53 in the Official Gazette on December 30, 2024
- The communiqué sets the VAT refund limit for transactions subject to the reduced VAT rate
- The VAT refund limit for 2024 was 90,800 Turkish Lira
- The new limit for 2025 has been increased to 130,700 Turkish Lira
- The changes will take effect from January 1, 2025
- The provisions of the communiqué will be executed by the Minister of Treasury and Finance
Source: resmigazete.gov.tr
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"
- Financial and Operational Risks of E-Ledger Noncompliance: Tax Rejections and Legal Challenges
- Important Announcement on VAT Declarations (KDV1, KDV2, KDV2B, KDV4, KDV9015) Pilot Program
- Understanding Non-Deductible VAT in Turkey: Rules, Scenarios, and Documentation Requirements
- Guide to VAT Refunds for Foreign Tourists Shopping in Turkey
- EU and Turkey Recognize Electronically Issued A.TR Movement Certificates for Imports
