Turkey Gazettes Communique Amending VAT Rules

The Turkish Official Gazette Feb. 10 published Communique No. 50, amending VAT rules. The communique includes measures: 1) amending provisions related to VAT refunds for transactions subject to withholding; 2) extending the VAT exemption period to Dec. 31, 2028, from Dec. 31, 2023, for specific services provided to technology development zones, urban transportation systems, and social security institutions; 3) clarifying the deduction of VAT paid by declaring as responsible; and 4) clarifying the determination of the correct VAT declaration period for deductions. The communique generally enters into force the same date, with the exception of Articles 2 and 3, which ...