- Turkey published VAT General Communiqué No. 53 in the Official Gazette on December 30, 2024
- The communiqué sets the VAT refund limit for transactions subject to the reduced VAT rate
- The VAT refund limit for 2024 was 90,800 Turkish Lira
- The new limit for 2025 has been increased to 130,700 Turkish Lira
- The changes will take effect from January 1, 2025
- The provisions of the communiqué will be executed by the Minister of Treasury and Finance
Source: resmigazete.gov.tr
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.
