The Duration of VAT Rate Discounts on Certain Goods and Services is Extended
Through the promulgation of the President Decree No. 2812, published in the Official Gazette dated 31 July 2020 and No. 31202, VAT rates were reduced to 8% and/or 1% for specific goods and services until 31 December 2020. This time, through the Presidential Decree No. 3318 ("Decision") published in the Official Gazette dated 23 December 2020 and numbered 31343, the duration of VAT rate discounts is extended until 31 May 2021.
According to the Decision, VAT in the rate of 8% will be applied to services such as office rental services and organization services such as congress, conference, seminar, concert and weddings; VAT in the rate of 1% will be applied to some entrance fees, food & beverage services and overnight services specified under List II enclosed to the VAT Code until 31 May 2021. The Decision will enter into force as of 1 January 2021.
Besides, according to the Decision, VAT rate to be applied to the delivery of Covid-19 vaccines, approved by the Ministry of Health, until 31 December 2021 (including this date) is determined as 1%.
You may find the full text of the Decision here.
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