- Turkish Revenue Administration opened consultation on draft Communique No. 55
- Communique amends VAT General Application Communique No. 28983/2014
- Clarifies cancellation of exemption certificates for investors with cancelled incentive certificates due to false documents
- Exemption for specified motor vehicles used for national security or defense
- Cash refund requests for vehicles up to 50,000 Turkish lira without tax audit report
- Inclusion of special consumption tax in VAT base for imports
- Deduction for VAT paid during import
- 10,000 lira minimum for refund requests on eligible transactions from April 1
- Communique effective upon publication
- Comments due by August 7
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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