Turkey: Increased VAT refund limit for 2025
Effective January 1, 2025
The government on December 30, 2024, increased the value added tax (VAT) refund limit for transactions subject to the reduced VAT rate to TRY 130,700 in 2025 (from TR 90,800 in 2024), in accordance with VAT General Communiqué No. 53.
The new provisions became effective January 1, 2025.
For further information, please contact a KPMG tax professional in Turkey:
Yavuz Öner | yoner@kpmg.com