- Turkey implemented new VAT rates for medical products and special consumption goods with Decision Number 9126
- A 10% VAT rate now applies to licensed medical foods, human medicinal products, and related active ingredients
- A 20% VAT rate covers goods subject to special consumption tax and specific items in the Customs Tariff Schedule
- Changes aim to support public health initiatives and streamline tax classifications
- Decision took effect immediately upon publication in the Official Gazette
- The Minister of Treasury and Finance is responsible for implementing the provisions of the decision
Source: fiscal-requirements.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.
