- ITUS Certificate holders can access accelerated VAT refunds in Turkey for 2025
- Standard ITUS Guarantee Application requires an 8 percent guarantee for standard taxpayers and 4 percent for Foreign Trade Capital Companies
- Refunds are processed within 10 business days after document submission
- Enhanced Guarantee with Sworn CPA Report allows faster refunds with a 120 percent guarantee for standard taxpayers and 60 percent for ITUS-certified taxpayers
- Express refunds are processed within 5 business days
- Separate bank guarantee letters are needed for each refund type
- Specific statements must be included in guarantee letters for each refund type
Source: ozbekcpa.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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