Turkey Gazettes Communique Increasing VAT Refund Threshold for Reduced VAT Transactions

Jan. 8, 2024, 5:00 AM UTC

The Turkish Official Gazette Dec. 30, 2023, published Communique No. 48, increasing the VAT refund threshold to 90,800 Turkish lira (US$3,051) from 57,300 lira (US$1,925) for 2024 transactions subject to reduced VAT rate. The communique enters into force Jan. 1, 2024. [Turkey, Official Gazette, 12/30/23]

Reference: View Communique No. 48, Official Gazette No. 32415. View Gazette Index.

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