Turkey Tax Agency Seeks Comments on Draft Communique to Amend VAT Rules

The Turkish Revenue Administration April 4 opened a consultation on Draft Communique No. 41, to amend the VAT rules. The current draft communique would: 1) establish VAT declaration rules under the optional full withholding regime for specified transactions; 2) specify the VAT withholding rate and withholding treatment of specified metal products; 3) establish a procedure to claim VAT refunds and deductions; 4) set an 18 percent VAT rate on passenger transport services, effective April 1; 5) set the maximum VAT rate of 18 percent for houses constructed after April 1; and 6) explain the VAT calculation method. Comments are due ...