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Turkey VAT update

  • Oct 7, 2016 | Richard Asquith

Turkey VAT update

The Turkish 2104 VAT Law has been recently amended. Changes include:

  • Bond purchases become VAT exempt
  • An exemption from VAT on transportation costs for animal-related supplies
  • Changes to the VAT calculation on related-party transactions
  • VAT exemption on certain certified infrastructure construction
  • A VAT exemption on the trading of asset leases by financial institutions

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He can be contacted at: richard.asquith@avalara.com. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.