Turkey Provides Reduced VAT Rate for Prefabricated Structures and Containers Destined for Areas Affected by Earthquake

Turkey's Revenue Administration has announced the publication of Presidential Decision No. 6790 on 14 February 2023, which provides for a reduction in the VAT rate to 1% on supplies of prefabricated structures and containers to be used in provinces affected by the earthquake that struck on 6 February 2023. This includes the provinces of Adana, Adıyaman, Diyarbakır, Gaziantep, Hatay, Kahramanmaraş, Kilis, Malatya, Osmaniye, and Şanlıurfa. The reduced VAT rate will apply until 31 December 2023…