- Turkey’s Revenue Administration updated the VAT1 return, effective October 1, 2025, as per Tax Circular No. 2025/99.
- Taxpayers must update their Declaration Preparation Program in the Digital Tax Office to submit VAT returns.
- The new version introduces a notification type column with two options (reporting with or without VAT calculation) and adds transaction type codes (1001–1011) with specific data entry rules.
- VAT rates are mostly set at 20% for most codes, with codes 1005 and 1011 allowing 1%, 10%, or 20%.
- The system now performs automatic VAT calculations, affecting key fields and aiming to improve accuracy and reduce manual errors.
Source: fiscal-requirements.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"
- Italy Confirms VAT Exemption for Fully Finished Modular Homes, With Conditions and Penalties
- 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
