- 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"
- Important Notice on Transition to New e-Declaration System for VAT Returns
- Turkey’s 2026 E-Invoicing and E-Ledger Threshold Changes
- VAT Refunds for Non-Resident Companies in Turkey
- Turkey’s E-Invoicing Thresholds and Mandatory e-Arşiv Rules
- Turkey Clarifies Tax Treatment for Paid Subscription Income on Social Media
