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8% Tax Imposed on Yachts and Pleasure Vessels; Firearm Fees Doubled in Turkey

    The VAT rate for yachts, motorboats, boats, and pleasure ships is set at 8%. An 8% Special Consumption Tax (SCT) is imposed on yachts, boats, and pleasure vessels, previously taxed at zero. The Ministry of Treasury and Finance will implement this decision. Additionally, firearm carrying and possession fees have doubled.

Source: en.haberler.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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