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Turkey Updates VAT Guidance, SCT on Petroleum, and Vehicle Tax Exemptions for Defense Projects

  • Amendments to VAT guidance align with new law and clarify exemptions for defense projects and public transactions.
  • Special consumption tax on petroleum products increased by 15.71% due to a rise in the producer price index.
  • Constitutional Court annulled a condition limiting tax exemptions for adapted vehicles to disabled individuals who can drive.

Source: kpmg.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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