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21.11.2024

VAT Rate Reduction Period Extended

With the Presidential Decree numbered 4062 published in the Official Gazette on 02.06.2021, the phrase “31/5/2021” in the Provisional Article 6, which entered into force on 31.07.2020, has been changed to “31/7/2021” with the “Decree Amending the Decree on the Determination of Value Added Tax Rates Applicable to Goods and Services”. Subparagraph (c) of the second paragraph of the same article has been repealed.

The Decision entered into force on 02.06.2021, effective as of 01.06.2021.

The relevant Presidential decree is available here.

Sincerely,

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