| Announcement Date | 25.10.2022 |
| Announcement No. | 2022/10 |
The Communiqué on the Amendment of the Value Added Tax General Implementation Communiqué (Serial No: 43) was published in the Official Gazette dated 25 October 2002 and numbered 31994. The following changes/additions were made with the relevant Communiqué.
- The Subject of Discount Can Be Made in the Period When the Tax Declared as Responsible is Paid: In the section of the Communiqué (I/C-2.1.1.2.); Value added taxes declared as responsible should be subject to "Discount in the Month in which Payment is Made", Effective date 25 October 2022
- Iron and Steel Withholding Rate Changed, Companies Traded in BIST. The phrase withholding rate applicable to iron and steel products in the section of the Communiqué (I/C-2.1.3.3.8.1.) has been changed as “(5/10)”; In addition, withholding will be applied in the delivery of products made of iron-steel and its alloys by companies whose shares are traded in Borsa Istanbul A.Ş.Effective date 01 November 2022)
- Taxes Charged in the Delivery of Foodstuffs at a Discounted Rate Can Be Requested in Cash within the Same Year: Taxpayers who have transactions subject to the Reduced Rate regulated in the III/B-3 section of the Communiqué (who carry out the Delivery of Foodstuffs) can request a cash refund of the VAT refunds arising from their deliveries in the January-June period, at the earliest as of June of the relevant year, and at the latest in November of the relevant year. The calculation regarding the transaction will be made semi-annually for the January-June period of the year in which the transactions are made and as of the end of the June period (Effective date 01 November 2022)
- The Procedures and Principles of Refund of Foreign Exchange Differences Included in Taxes Charged Due to Deliveries within the Scope of Full Exception have been revised: In the section of the Communiqué (IV/A-1.6.) on VAT Refund Requests; After the realization of the deliveries and services given to the Full Exception, an arrangement was made regarding the Exchange Differences Related to the Purchases of Goods and Services Related to the Transaction.
- Requesting the refund of VAT paid over the exchange difference against the taxpayer by including them in the VAT account for the taxation period in which the transaction within the scope of the full exemption took place.
- If the invoice for the exchange rate difference is received after the return transactions are finalized, the VAT paid over the exchange difference and which should be included in the VAT account charged should be taken into account in the refund account for the taxation period in which it is included in the discount accounts.
- VAT is calculated and declared in the declaration of the period in which the exchange difference occurred, if the exchange difference occurs before the return transactions are finalized, this amount is deducted from the refund account, and if the exchange difference occurs after the return transactions are concluded, there is no need to make any adjustments in the refund account.Effective date 01 November 2022
- The Insurance Company's Surety Certificate Will Also Be Accepted As Collateral For VAT Refund Requests: It is regulated that the "insurance company surety bond" will be accepted as collateral together with the Letter of Guarantee with the addition of "insurance company bail bond" in IV/A-5.1 and the following sections of the Communiqué. Effective date 25 October 2022
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