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Turkey allows VAT bad debt refunds

From 1 January 2019, Turkey has allowed limited recovery of Value Added Tax declared and paid on sales invoices which have subsequently good bac.

The right to deduct is now based on article 322 of the Tax Procedures Code. The clarifies debts from customers may be deducted for VAT if a court decision has been provided on the non-recoverability of the debt from the tax registered businesses’ customer.

Most European jurisdictions now provide similar write-back on irrecoverable VAT debts. Calculate or verify global Turkish bad debt relief calculations or any other VAT / GST on individual or batch transactions with our Advisor and Auditor services.


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