As of November 14, 2024, Turkey expanded the list of goods subject to the 10% VAT rate, including foods for special medicinal purposes, active substances in medicinal products, and raw materials for active substance production. This adjustment, implemented under Decision Number 9126, aligns with Turkey's VAT Law No. 3065 and aims to support public health initiatives while refining tax classifications.
Reminder: Turkey Expanded the List of Goods Subject to the 10% VAT Rate
Public
Turkey
Author: Ivana Picajkić
Category:
Fiscal subject related
Views:
609
Content accuracy validation date:
06.02.2025
Content accuracy validation time:
12:24h
In November, 2024, the Turkish president issued a decision to expand the list of goods that are subject to the 10% VAT rate. The Decision Number 9126 became effective on November 14, 2024, after it was published in the Official Gazette.
The newly added items are as following:
- Foods for special medicinal purposes,
- Active substances in the composition of medicinal products for human use,
- Raw materials used in the production of active substances.
The implementation of this decision aligns with Turkey's ongoing efforts to regulate VAT rates in accordance with VAT Law No. 3065. By adjusting the VAT rates for these specific categories, the government aims to support public health initiatives and streamline tax classifications.
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