10 July 2023 VAT standard rate increases from 18% to 20% Turkey has gazetted on 7 July 2023 a 2% increase in its VAT rate from 10th July 2023. The reduced VAT rate will also increase from 8% to 10%. The 1% reduced rate on
Delayed tax on overnight accommodation services introduced 1 January 2023 The much delayed Turkish 2% Accommodation Tax was implemented from 1 January 2023. Dec 2021: COVID-19 economic fallout puts back new tax implementation date The Turkish government had pushed back again the introduction of its
Inflation hits 62% in March prompts more VAT rate cuts On 28 March, the Turkey President, Tayyip Erdogan, announced a cut from 18% to 8% for a range of goods including: bathroom supplies such as soap and detergents, napkins and toilet paper baby nappies. restaurant
49% inflation prompts VAT cut to domestic heating following cut to basic foodstuffs President Erdogan announced yesterday a cut from 18% standard rate to 8% reduced rate for domestic electricity. Foodstuffs zero-rated announced mid-February. The cut from the reduced rate of 8% to 1% will
Record inflation prompts temporary VAT cut to basic foodstuffs Turkey has become the latest country to temporarily cut VAT to combat inflation. The cut from the reduced rate of 8% to 1% will apply to: Fruit and vegetables Dairy Cooking oil This change should be
Turkey introduced Value Added Tax liabilities on non-resident providers of digital services to its consumers from January 2018. There is no VAT registration threshold, but there is a simplified registration process for foreign providers of digital or electronic services with the Turkish Revenue Administration. B2B
COVID-19 economic fallout puts back new tax implementation date The Turkish government has pushed back again the introduction of its 2% Accommodation Tax. This will eventually be due on eligible supplies on a bi-monthly basis. It is charged in addition to VAT. This covers the
Lowered annual e-Fatura and e-Arşiv thresholds for all B2B businesses; e-commerce and property attract special requirements Turkey has added new requirements to its government pre-clearance e-Fatura e-invoice regime in the past months. The Turkish Revenue Administration (TRA) wishes to bring more taxpayers into the e-Fatura net
Turkey has increased its withholding VAT threshold from TRY1,000 to TRY2,000 per invoice. This came into effect from 3 June 2021 when the change was ‘gazetted’. The regime applies on payments for supplies of goods or services payable to non-residents. Like regular income withholding taxes,
