- The submission and payment date for Reverse Charge Value Added Tax (RCVAT or VAT2) return is planned to be changed. Accordingly, those who are responsible to declare and withhold RCVAT will submit their returns by the evening of the 21st day of the month following the taxation period and pay them by the evening of the 23rd day. (Effective as of the beginning of the month following the publication date.)
- The President is given the authority to partially or completely abolish or reintroduce the right for VAT refund and to determine the goods or services for which the right of abovementioned refund is restricted. (Effective as of the publication date.)
Source EY
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