Turkey's Revenue Administration has announced the publication of Presidential Decision No. 5359 on 29 March 2022, which adjusts the VAT rate on various supplies. VAT rates are adjusted on the following:
- Housing supplies:
- housing in general - 8% on the part of the net area up to 150 m2 and 18% on the area exceeding 150 m2
- housing covered by Law No. 6306 on the restructuring of areas at risk of natural disasters - 1% on the part of the net area up to 150 m2 and 18% on the area exceeding 150 m…