Increase VAT Refund Threshold to TRY 130,700 for 2025

Turkish Official Gazette dated December 30, 2024, includes amendments to the General Communiqué on Value Added Tax (VAT). Key changes include:

1. Adjustment of VAT Thresholds: The VAT threshold for 2025 has been updated to 130,700 TL, up from 90,800 TL in 2024.
2. Effective Date: These changes will come into effect on January 1, 2025.
3. Authority: The implementation and enforcement of these changes are under the jurisdiction of the Minister of Treasury and Finance

Source Resmigazete