- Reduced VAT refund procedures in Turkey, regulated under Article 29/2 of the VAT Law General Communiqué No. 3065, allow companies in specific sectors to reclaim VAT from reduced-rate transactions (1% – 10%) that can’t be deducted. Eligible sectors include construction, textiles, cinema, food, tourism, healthcare, education, financial leasing, agricultural machinery, newspapers, fertilizers, and others. For 2025, refunds are available for input VAT exceeding TRY 130,700. Refunds can be requested through offsetting during the year or in cash/offsetting at year-end. Accurate documentation and professional support are crucial to avoid delays.
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.
Latest Posts in "Turkey"
- How to Report Special VAT Base Transactions: With or Without VAT Calculation
- Procedures for VAT-Calculated and Non-Calculated Declarations in the Bookkeeping System
- Tax Guide Clarifies Sports Sponsorship Deductions, VAT Rules, and Stamp Duty Refund Procedures
- Turkey Revises Special Consumption Tax Rates for Cars and Light Vehicles Effective August 2025
- Turkey’s E-Invoicing System: Mandatory Digital Compliance and Real-Time Reporting by 2026
