- 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.
Latest Posts in "Turkey"
- Turkey Updates VAT1 Return: New Codes, Rates, and Mandatory Software for e-Declaration System
- Digital Tax Office Announcement on VAT Returns Implementation in Turkey
- Changes in “Special Tax Base Transactions” Table of VAT1 Declaration Effective October 2025
- Important Announcement on Changes to VAT Declaration (KDV1) Effective October 2025
- New Regulation on VAT Refund for Depreciable Economic Assets (ATİK) in Turkey