Turkey Temporarily Reduces VAT Rates
by Lorys Charalambous, Tax-News.com, Cyprus
07 August 2020
On July 31, 2020, a presidential decree was published in Turkey's official gazette providing for a temporary value-added tax cut across numerous sectors.
Under the measure, VAT is reduced from 18 to eight percent on weddings and associated services, property maintenance and repair services, various other repair services, tailoring services, and dry cleaning services, among others.
Additionally, the rate of VAT is reduced from eight percent to one percent on accommodation, catering, and museum, theatre, and cinema admissions.
The VAT reductions will apply until December 31, 2020.
To see today's news, click here.
Tax-News Reviews

A review and forecast of Cyprus's international business, legal and investment climate.

A review and forecast of Malta's international business, legal and investment climate.

A review and forecast of Jersey's international business, legal and investment climate.

A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »