- The draft amendment to the Value Added Tax General Implementation Communiqué is being developed and prepared for publication.
- The draft includes changes related to the sale of cards, passwords, codes, and similar items.
- These cards, passwords, and codes can be used to purchase products and services in virtual or physical stores.
- Some of these cards, passwords, and codes represent a specific product or service and are subject to VAT.
- If these items are obtained by individuals or companies in Turkey from foreign companies, the VAT should be declared and paid by the individuals or companies in Turkey.
- If these items are obtained by non-VAT registered individuals in Turkey from foreign electronic service providers, the VAT should be declared and paid by the foreign company.
- If these items are sold in Turkey, the VAT should be declared and paid by the seller.
- Examples are provided to illustrate the application of VAT in different scenarios.
Source: alomaliye.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.
