- 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.
Latest Posts in "Turkey"
- Turkey Amends VAT Rules: Military Vehicle Exemptions, Refunds, and Import Tax Changes
- Türkiye Implements VAT Exemptions to Boost Defense Exports and Strategic Development
- Turkey Expands VAT Exemptions for Defense, Security, and Public Sector Transactions – Communiqué No. 55
- Amendments to VAT Communiqué: Electronic Submissions, Defense Project Exemptions, and Vehicle Delivery Rules
- Turkey’s Revenue Administration Issues Guidelines on Taxation for Sports Sponsorships and VAT Implications