The Finance Minister has confirmed that further VAT rises will not take place in the near future. The Advisory Committee for Tax Reform had suggested increases in the headline VAT rate from 10% and 21% to 13% and 23% respectively. External advice from the EU and the IMF was to do so, and lower direct taxes; this confirmation clarifies that these measures will not place at the present moment.
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Turkey: Specific Transfer Pricing Compliance
ECJ to investigate Portuguese exit tax
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