The minimum amount applied in VAT refund requests has been increased to 10,000 lira from 2,000 lira. This regulation will be implemented starting from April. Taxpayers can now request a VAT refund for transactions that entitle them to a refund with a minimum amount of 10,000 lira. The Presidential Decree related to this issue has been published in the Official Gazette and is now in effect. According to the Decree, the minimum amount for taxpayers to request a VAT refund for transactions that entitle them to a refund has been raised from 2,000 lira to 10,000 lira. This regulation will be applicable to transactions made starting from April.

WHAT IS VAT REFUND? Value Added Tax, or VAT, is a type of tax that businesses in Turkey pay for the goods and services they purchase. VAT is calculated based on the value of goods or services. Businesses pay this tax based on the value of goods or services they purchase and then pass on this cost to the consumer. VAT refund is a process that allows businesses to reclaim the VAT they have paid under certain conditions. This process provides businesses with the opportunity to alleviate the burden of VAT.