- Turkey published VAT General Communiqué No. 53 in the Official Gazette on December 30, 2024
- The communiqué sets the VAT refund limit for transactions subject to the reduced VAT rate
- The VAT refund limit for 2024 was 90,800 Turkish Lira
- The new limit for 2025 has been increased to 130,700 Turkish Lira
- The changes will take effect from January 1, 2025
- The provisions of the communiqué will be executed by the Minister of Treasury and Finance
Source: resmigazete.gov.tr
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"
- Türkiye Implements VAT Exemptions to Boost Defense Exports and Strategic Development
- Turkey Expands VAT Exemptions for Defense, Security, and Public Sector Transactions – Communiqué No. 55
- Amendments to VAT Communiqué: Electronic Submissions, Defense Project Exemptions, and Vehicle Delivery Rules
- Turkey’s Revenue Administration Issues Guidelines on Taxation for Sports Sponsorships and VAT Implications
- Financial and Operational Risks of E-Ledger Noncompliance: Tax Rejections and Legal Challenges
