- The article discusses the addition of previously deducted VAT to the VAT return in Turkey.
- Sale of equity shares and immovable properties held for at least two years is generally VAT-exempt, but non-deducted VAT must be added back to the return.
- Transfers and leasing transactions by asset leasing companies are VAT-exempt, but non-deducted VAT must be added back.
- Sale-leaseback transactions are VAT-exempt under certain conditions, with non-deducted VAT added back to the return.
- VAT on alcoholic beverages in all-inclusive accommodation services cannot be deducted and must be added back to the return.
- Accommodation establishments must track alcoholic beverage purchases separately for VAT purposes.
- Additional VAT applies to the delivery of promotional products.
Source: alomaliye.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.
