- The 47th General Application Communiqué on Value Added Tax has been published in the Official Gazette.
- The communiqué includes changes regarding the exemption for donations made to professional organizations of public institutions for the construction of housing for earthquake victims in disaster areas until December 31, 2024.
- Changes have been made to the relevant sections of the General Application Communiqué on Value Added Tax due to the removal of the exemption for the transfer and delivery of immovable properties in the assets of institutions through sales.
- The exemption for the transfer and delivery of immovable properties in the assets of institutions through sales will continue to be applied until July 15, 2023, and changes have been made to the relevant sections of the General Application Communiqué on Value Added Tax.
- Clarifications have been made regarding the effective date of VAT rate changes for financial leasing transactions through the Presidential Decree.
- A regulation has been introduced stating that entities conducting transactions outside the project application, except for those who have obtained an exemption certificate through the project application introduced by the General Application Communiqué on Value Added Tax, or those who apply the tax first and then receive a refund, will also be required to obtain an exemption certificate within the scope of the project application from January 1, 2024.
Source: pkfizmir.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
