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Turkey Expands 10% VAT Rate on Medical Goods

  • As of November 14, 2024, Turkey expanded the list of goods subject to the 10% VAT rate, including foods for special medicinal purposes, active substances in medicinal products, and raw materials for active substance production.
  • This adjustment, implemented under Decision Number 9126, aligns with Turkey’s VAT Law No. 3065 and aims to support public health initiatives while refining tax classifications.

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.

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