- The Value Added Tax General Application Regulation has been amended.
- The amendment includes changes related to the exemption of value-added tax (VAT) on certain services provided through the internet and similar electronic environments.
- The amendment clarifies that income earned from individual courses, training, data processing and development, and product promotion services provided through the internet and similar electronic environments are subject to the provisions of Article 20/B of the Income Tax Law.
- The amendment also clarifies that the VAT exemption applies to income earned from social content producers who share text, images, audio, and video content through social media platforms.
- The amendment removes the provision allowing for the refund of VAT on transactions subject to the reduced rate.
- The amendment makes changes to the wording of the regulation to reflect changes made to the Value Added Tax Law and the Law No. 7524.
Source: alomaliye.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.
