News Share

The Tax Hub

Daily Tax Newsletter

Turkey

1 April 2022

Responsive image

Turkey Adjusts VAT Rates on Various Supplies from April 2022

Turkey's Revenue Administration has announced the publication of Presidential Decision No. 5359 on 29 March 2022, which adjusts the VAT rate on various supplies. VAT rates are adjusted on the following:

  • Housing supplies:
    • housing in general - 8% on the part of the net area up to 150 m2 and 18% on the area exceeding 150 m2
    • housing covered by Law No. 6306 on the restructuring of areas at risk of natural disasters - 1% on the part of the net area up to 150 m2 and 18% on the area exceeding 150 m2
  • Land supplies - reduced from 18% to 8%
  • All seeds and saplings certified by the Ministry of Agriculture and Forestry - reduced to 1%
  • Used vehicles supplied by taxpayers engaged in the trade of second-hand motor vehicles - increased from 1% to 18%
  • Yachts, boats, and recreational ships - increased from 1% to 18%
  • Supply and leasing of all medical devices - 8%
  • All food and beverage services - 8%
  • Milk collection tanks, machinery and devices used in dairy production, and machinery for separating or cleaning eggs, fruit, and other agricultural products - reduced to 8%
  • Soap, shampoo, detergent, disinfectants, wet wipes, toilet paper, paper towels, tissue paper and napkins, and baby and adult diapers, sanitary pads, etc. - reduced from 18% to 8%

The VAT rate adjustments are effective from 1 April 2022.

Powerful Tax Tools

NEW

FX Rates

Global FX Rates including Tax Year Average FX Rates and Spot Rates for all Reporting Currencies.

NEW

Corporate Tax Rates

Corporate tax rates, surtaxes, and effective tax rates for the current year, as well as historical rates and approved future rates.

NEW

Country Analysis

Detailed tax guidance for companies doing business in over 100 countries, including summaries and snapshots of key tax facts and issues.

NEW

Cross Border Tax Calculator

Calculate total tax costs and benefits of a cross border transaction including withholding tax, participation exemption and foreign tax credit rules.

NEW

Cross Border Tax Rates

Provides Domestic, treaty and EU cross border tax rates for over 5,000 country combinations for 9 different payment streams.

NEW

OECD BEPS Project

Complete overview of the OECD BEPS Project, including daily BEPS news, country adoption of BEPS measures, and an overview of the 15 BEPS Actions.

NEW

Tax Calendar

Customizable calendar tool that tracks corporate income tax, value added tax and transfer pricing obligations by country or entity.

NEW

Tax Forms

English translations of key tax forms for over 80 countries, including tax return forms, treaty benefit forms, withholding tax forms, and more.

NEW

Worldwide Tax Treaties

Repository including thousands of tax treaties (in English), OECD, UN and US Models, relevant EU Directives, Technical Explanations, and more.

NEW

Worldwide Tax Planner

Calculates the worldwide tax cost of what-if scenarios based on legal entity structure, taxable income, and cross border transactions.

NEW

Certified Rates Report

Customizable Certified Rates Report providing updated corporate and withholding tax rates at the end of each month for over 100 countries.

NEW

Withholding Tax Minimizer

Enables quick calculation of tax costs and benefits of cross border transactions considering all possible transaction combinations and optimal routes.

NEW

VAT Rates

Provides value added tax (VAT) rates, goods and services tax (GST) rates and other indirect tax rates for over 100 countries.

NEW

NOL Calculator

Country specific calculator to determine how net operating losses can be utilized in carryback and carryforward years.

NEW

Transfer Pricing Calculator

Calculates TP ratios under various TP methods and calculates the difference between target ratios and actual ratios.

NEW

Individual Income Tax Rates

Individual tax rates for over 100 countries.

Play of the Day

FX Rates

Global FX Rates including Tax year Average FX Rates and Spot Rates for all Reporting Currencies.

We’re here to help

We’re here to answer any questions you have about the Orbitax products and services.

Send us a message

Who’s behind Orbitax?

We’re committed to providing high value, low cost tax research and management solutions.

Learn More