The Turkish Official Gazette published Communique No. 53 on 30 December 2024, which outlines changes to the VAT refund threshold subject to the reduced VAT rate for 2025.
According to the new regulation, the VAT refund threshold has been increased to TRY 1,30,700 up from the previous threshold of TRY 90,800.
The revised threshold will apply to eligible transactions beginning 1 January 2025.
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