- The text discusses VAT exemptions and refund rights in the context of international transportation in Turkey. Article 14 of VAT Law No. 3065 exempts certain international transportation operations from VAT, and Article 32 allows for VAT refunds on these transactions. The VAT General Application Circular provides detailed guidelines on the application of these exemptions and the calculation of VAT refunds, including VAT incurred on direct inputs, general expenses, and economically depreciable assets (ATIK). The ATIK charge section specifies conditions for including VAT incurred due to ATIK in refund calculations. Refund claims must be made by the end of the second year following the transaction period.
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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