Turkish VAT Law changes for some sectors
-Exchange differences will be included in the VAT base.
-The delivery of books and periodicals by publishers shall be exempted from the value added tax. The Regulation shall enter into force on the month following the publication of the Law.
-The delivery of goods and services performed to or against economic enterprises created by the industrial zones and small industrial sites for the construction of renewable and other energy facilities are exempted from the value added tax.
-The implementation period of the temporary 35th article of the VAT Law has been extended until the end of 2020.
-The implementation of the return of value-added tax due to construction expenditures in 2017 and 2018 will be valid for 2019 as well.
-The rate of VAT applied to the sale of newspapers and magazines in electronic environment will be changed from 1% to 18%.
-The rate of VAT applied to electronic sales of electronic books and similar publications will be changed from 8% to 18%.
Sectors that are concerned are :
Aviation, Institutions, Publishing, Industry, Real Estate, Construction, Capital, Public.
When do VAT Law changes come into force?
The decision on electronic commerce VAT shall enter into force on 1 January 2019. Other legislative amendments are the law proposal dated 30.11.2018.
