The Duration of VAT Rate Discounts on Certain Goods and Services is Extended Until 30 September 2021
Through the promulgation of the President Decree No. 4312, published in the Official Gazette dated 30 July 2021 and No. 31553 (“Decision”), the duration of Value Added Tax (“VAT”) rate discounts on certain goods and services is extended until 30 September 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 until 30 September 2021.
The Decision entered into force on the date of its publication, with effect from 1 August 2021.
You may find the full text of the Decision here.
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