Türkiye Increases VAT Rates Effective July 10, 2023

Bradley Feimer

July 14, 2023

7/7/2023

Pursuant to Presidential Decree No. 7346, published in the Official Gazette on July 7, 2023, the standard VAT rate in Türkiye will increase from 18% to 20% and the reduced VAT rate on certain products will increase from 8% to 10% effective July 10, 2023.

The Official Gazette may be found here (in Turkish).

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.

Author

Bradley Feimer

Bradley Feimer is a Senior Regulatory Counsel at Sovos. Brad focuses on domestic sales tax, fees, and Colorado local taxation. Brad is a member of the Massachusetts Bar and the Institute for Professionals in Taxation (IPT). He has a B.A. in English from The Ohio State University and a J.D. from Suffolk University Law School.

Share This Post