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 delivery and services of the projects that started before 25 December 2021 and are in progress after this date.
An important regulation came into force today to encourage projects in the field of defense industry, where Turkey is developing rapidly. Published in today’s issue of the Official GazetteCommuniqué Amending the Value Added Tax General Implementation CommuniquéDeliveries and services related to defense industry projects will be exempt from VAT.
With the new amendment, within the scope of defense industry projects carried out by the Ministry of National Defense and the Presidency of Defense Industries. delivery and services will be covered by the exception. Projects that started before 25 December 2021 and are ongoing delivery and services after this date. will be covered by the exception.
Regulations were also made for the manufacturing industry.
With the published communiqué, the costs incurred in the construction works within the scope of the investment incentive certificate for the manufacturing industry and which cannot be remedied through discount on VAT refund edit was made. Accordingly, in the VAT general application communiqué, the application for VAT refund in construction works within the scope of the investment incentive certificate for the manufacturing industry valid for 2020 and 2021, in 2022, 2023 and 2024 It will also apply to VAT imposed and which cannot be recovered through a discount.
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Source :
https://tr.sputniknews.com/20220118/defense-sanayi-projelere-kdv-istisnasi-1052839143.html