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Turkey Extends VAT Exemption for Machinery and Equipment Acquired for Manufacturing — Orbitax Tax News & Alerts

Turkey's Revenue Administration has announced the publication of Law No. 7201 in the 24 December 2019 edition of the Official Gazette, which extends the VAT exemption for manufacturing machinery and equipment. The exemption is extended to 31 December 2022 for VAT payers with an industrial registration certificate that acquire machinery and equipment for use in the manufacturing industry.