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Update - Turkey Extends VAT Exemption for Machinery and Equipment Acquired for Manufacturing and R&D Activities

|Approved Changes|Turkey
Turkey

As previously reported, Turkey published Law No. 7201 in the 24 December 2019 edition of the Official Gazette, which extended the VAT exemption for manufacturing machinery and equipment to 31 December 2022 for VAT payers with an industrial registration certificate that acquire machinery and equipment for use in the manufacturing industry.

Further to the extension of the VAT exemption for manuf…

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