More ‘VAT Reduction’ Planned in Three Sectors

New details regarding the following period were shared about the VAT discount, which was announced by President Erdogan in the past days and started to be applied on market shelves. In basic food products reduced from 8% to 1% Similarly, VAT It is planned to be downloaded in three different sectors. announced.

According to the information obtained, the Revenue Administration, which works for VAT regulation, organizes meetings with chambers and sector representatives. It was stated that with the simplification of VAT, the business of the real sector will become easier, and its dynamism and competitiveness will increase. The new stop of the VAT regulation is 8%. sectors such as special education and health care and 18% up to 150 square meters Homes it will be.

It is not yet known how much the reduction in VAT will be.

On the other hand, there is no information on how the VAT regulation will be in the services and residences in question. No details yet. VAT can be expected to be reduced to 1% when the same regulation is made with basic food in private health and education services. However, with the simplification, there may be a discount in VAT applied at the rate of 18% for the subjects over 150 square meters, and the 150 square meter limit can be increased for the 1% VAT rate applied to the houses with less than 150 square meters.

According to the shared information, reducing VAT on food from 8% to 1%, including VAT refunds of the government in 2022. that he waived 30 billion TL is showing. On the other hand, the VAT reduction in basic food, according to Alaattin Aktaş’s article. against inflation Even 1 point will not have an effect.