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BREAKING NEWS: VAT discounts extended for another 5 months



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last minute “data-mce-href =” https://www.ntv.com.tr/son-dakika “> Latest news!

The decisions to support the pandemic announced by President Erdogan after the last cabinet meeting came into force after being published in the Official Gazette.

VAT is 8% instead of 18% on business rental services, 1% instead of 8% on accommodation services, 1% instead of 8% on food and beverage services, 8% instead of 18% in maintenance and repair services, 8% instead of 18% in passenger transport services. to be applied as.

On real estate leases, the 10 percent withholding rate has been extended through May 31, 2021.

Additionally, the 10 percent entertainment tax on movie tickets will apply as 0 percent through May 31, 2021.

The entertainment tax rates for national and foreign film screenings were determined as 0 percent, and will apply until May 31, 2021.

The discount applied to the retention at source of the bank’s TL deposits will continue until the end of March. Up to 6 months 15 to 5, 12 to 3 up to 1 year, 10 to 0 for 1 year.

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