Turkey improves VAT compliance procedures

Turkey has announced a number of measures to improve the Turkish VAT compliance regime. These include:

• Large taxable persons will now receive their VAT refunds on an accelerated basis
• The Turkish VAT Act will now be consolidated to bring over 100 recent changes into a single act
• An online portal for companies to track the progress of their VAT refunds. Only resident tax payers may apply of VAT refunds
• There will be an improvement of customer service assessments with the tax office.