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 decision on the subject, VAT and withholding taxes applied in some service categories will increase. This will lead to an increase in prices in those service categories.

One of Turkey’s support to citizens within the scope of the fight against coronavirus, VAT and withholding rates were reduced.. The government, with its efforts, reduced the VAT rates applied on some items, thus aiming to prevent price increases. Today, we are at an important stage on the subject. So much so that if a new decision does not come, the VAT and withholding tax reduction to the end will end.

VAT and withholding tax reduction, which is one of the decisions taken by the government within the scope of the fight against coronavirus. Until October 1, 2021 announced that it will continue. So today is the last day for that discount. If a new decision is not taken on the subject, the prices of some items as of tomorrow. automatically will have risen.

Which categories have VAT and withholding tax discounted?

VAT and withholding tax; It was valid for accommodation, food and beverage, hairdressing services, workplace and other rental services, maintenance rate services and passenger transportation services. In this process, for food and beverage and accommodation services 1 percent8% for maintenance and repair services, hairdressing services, passenger transportation services and workplace rental services, and 8 percent for other rental services. 10 per cent (in the form of withholding) tax was applied. Now these items will probably be taxed as before. In this case, how many percent VAT and withholding will the citizen pay for the services we have mentioned?

  • For catering services: 8 percent VAT
  • For accommodation services: 8 percent VAT
  • For hairdressing services: 18 percent VAT
  • For office rental services: 18 percent VAT
  • For passenger transport services: 18 percent VAT
  • For maintenance and repair services: 18 percent VAT
  • For other rental services: 20 percent withholding

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Source :
https://www.ensonhaber.com/ekonomi/kdv-ve-stopaj-oranlarinin-indirimi-bugun-sona-eriyor


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