Turkey
VAT rate hikes from July 2023
The Turkish Revenue Administration has amended VAT rates with a presidential decision issued on July 7th.
In accordance with presidential decision No. 7346, the standard VAT rate will increase from 18% to 20%, while the reduced VAT rate will increase from 8% to 10%. No changes will be made to the reduced VAT rate of 1%. The VAT rate changes will become effective on July 10, 2023.
Schedule a Free Consultation
Let us show you how we can support your business to send 100% compliant e-invoices in 54 countries. Please provide your details and one of our team will be in touch.
