Tag: VAT
More ‘VAT Reduction’ Planned in Three Sectors
According to the information obtained today, the reduction in VAT is planned to be applied in three more sectors after basic food products. The details of the discounts that are…
Description of ‘VAT Discount’ by Trendyol
After the discount regulation on VAT, markets started to announce that discounts will be applied to the products they sell. A discount announcement came from the popular e-commerce platform Trendyol.…
Description of ‘VAT Discount’ from Chain Markets
With the reduction of VAT on basic food products to 1 percent, statements began to come from chain markets one after another. A101, BİM, CarrefourSA, Migros and ŞOK announced that…
“The Effect of VAT Reduction on Inflation Will Not Be Even 1%”
Alaattin Aktaş from Dünya Newspaper claimed that the effect of VAT, which was reduced to 1% on basic food products, on inflation would not even be 1%. Aktaş stated that…
Heavy Penalties Will Be Applied to Markets Not Applying VAT Reduction
With the statement of President Recep Tayyip Erdoğan the other day, it was announced that the VAT rate on basic food products would be reduced to 1%. Now, the Minister…
VAT Discount On Basic Food Products Has Arrived
President Recep Tayyip Erdoğan announced that a discount will be applied to VAT applied on basic food products. Value added tax (VAT) on basic food products discount done. The President,…
What would the price of technological products be like without VAT or SCT?
Nowadays, it has become almost impossible for a young person to reach technological products, especially with the increase in the exchange rate. Well, what would the prices of these products…
VAT Discount Coming to Pet Foods
HAÇİKO President Ömür Gedik shared that the Deputy Minister of Treasury and Finance had promised to reduce the VAT on foods. The work is expected to be completed in a…
On Which Products Will VAT Be 0 Percent?
According to the new details shared regarding the VAT regulation, which has been on the agenda for a while, the demand for VAT zeroing in basic food came to the…
VAT Exemption Made for Defense Industry Projects
With the communiqué in the Official Gazette published today, VAT exemption was introduced for deliveries and services within the scope of defense industry projects. The exception will also include the…
Defense industry projects exempted from VAT
With the decision of the Revenue Administration of the Ministry of Treasury and Finance, the “Communiqué Amending the Value Added Tax General Implementation Communiqué” was published in today’s issue of…
Poland is cutting VAT in the fight against inflation
Market in Poland The prices of goods in the country have been rising incessantly for months. (Photo: Bloomberg) Berlin The Polish government removes VAT on food, gas and fertilizers. The…
Bill for VAT on Women’s Pads in Parliament
Tekirdağ Deputy Candan Yüceer brought the 18 percent VAT from feminine hygiene products to the parliamentary agenda. Yüceer, who created a draft law, demanded that the VAT taken from these…
Explanation of VAT Discount on Basic Needs Products
AKP economic staff announced that there will be a ‘simplification’ in VAT. It was noted that with the simplification, discounts will be seen in some basic food and necessities products.…
VAT Rate to be Collected from COVID-19 Vaccines in 2022 Announced
With the Official Gazette published today, the VAT rate to be applied in the delivery of COVID-19 vaccines in 2022 has been announced. According to the decision, the rate was…
‘VAT Exception’ Received for YouTubers and Application Developers
With the Official Gazette published today, VAT exemption has been brought to all ‘social content producers’ and application developers, including YouTubers. The application will be effective from 1 January 2022.…
Reactions from Social Media to 18% VAT from Foods
Pet owners and animal lovers reacted to the 18% VAT rate on cat and dog foods after the dollar’s rise. A social media campaign was launched in order to prevent…
Reduced VAT on energy and fuels
CSU chairman Markus Söder “The traffic light is required to act quickly,” says the CSU chairman. (Photo: dpa) Berlin In view of the sharp rise in prices, the CSU chairman…
VAT and Withholding Discount Ends Today
The last day has come for the VAT and withholding tax reduction decision taken within the scope of the fight against coronavirus. If the government does not take a new…
VAT Reduced to 1% on Refurbished Phones
A Presidential Decree in today’s issue of the Official Gazette reduced the VAT charged on certified second-hand smartphones to 1 percent. The decrease in the tax item, which was 18…