2023 Certified Public Accountant Certification Limits Determined
The 46th Serial Certified Public Accountant and Sworn-in Certified Public Accountant Law General Communiqué has been published in the Official Gazette No. 32059 (2nd Repeated) on 30.12.2022.
The sworn-in certified public accountant attestation limits determined in this Communiqué are as follows:
1) Maximum VAT Refund Amounts for Taxpayers Without a Timely Prepared Full Audit Agreement
For taxpayers who do not have a timely prepared full audit agreement regarding the certification of the annual income or corporate tax returns and their annexes (full audit), the maximum VAT refund amounts that can be obtained based on the sworn-in certified public accountant’s certification report, in accordance with the Value Added Tax General Implementation Communiqué, are as follows:
- a) For VAT refunds related to deliveries and services subject to a reduced rate, 2,600,000-TL.
- b) For VAT refunds related to sales made with special invoices to non-residents of Turkey and sales made under the passenger baggage goods exemption, 350,000-TL (This limit will also apply if a timely full audit agreement exists).
- c) For other VAT refunds that can be obtained based on the sworn-in certified public accountant’s certification report under the Value Added Tax General Implementation Communiqué, 1,300,000-TL.
2) Amounts for Other Limits
- a) The limit for transactions related to the exemption on gains from the sale of immovable property and participation shares, under Article 5, paragraph (e) of the Corporate Tax Law No. 5520, has been determined as 663,000-TL.
- b) The limit for investment incentive transactions regulated in the 5th Serial Certified Public Accountant and Sworn-in Certified Public Accountant Law General Communiqué has been determined as 1,508,000-TL.
- c) For documents with a value not exceeding 65,000-TL excluding VAT, a counter-investigation is not required. However, if the total purchases of goods and services from a taxpayer exceed 195,000-TL in a one-month period, a counter-investigation is mandatory.
You can access the relevant Communiqué here.
Best regards,
BİLGENER
