background image
Turkey Extends VAT Reduction for COVID-19 Vaccines and VAT Refund for Manufacturing Construction Works — Orbitax Tax News & Alerts

Turkey's Revenue Administration has announced the publication of Presidential Decision No. 5047 of 31 December 2021, which extends the VAT rate reduction (1%) for the import and supply of COVID-19 vaccines from 31 December 2021 to 31 December 2022. The decision also extends from 31 December 2021 to 31 December 2024 the period for the refund of VAT incurred for construction works related to the investments made within the scope of the investment incentive certificate for the manufacturing industry.