Turkey's Revenue Administration has announced the publication of General Communiqué No. 36 on 3 June 2021, which includes various amendments regarding the application of VAT. One of the amendments is an additional clarification in relation to transaction expenses that are disallowed under the interest deduction limitation rules. The clarification provides that where the deduction limitation applies for such expenses, this does not limit the right of taxpayers to claim (deduct) input VAT incu…