- Turkey released VAT General Communique No 53 in the Official Gazette on 30 December 2024
- The update concerns the VAT refund limit for transactions with reduced VAT rates
- The refund cap for the 2025 tax year is increased to TRY 130,700 up from TRY 90,800 in 2024
- The new regulations became effective on 1 January 2025
Source: regfollower.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.
