Akkas CPA is a globally recognized Turkish Accounting Firm with a long record of excellence and professionalism for your VAT in Turkey. Our accountants provide all kinds of accounting services in Turkey required to run your company in Turkey.
Table of Contents
Akkas CPA offers the best accounting services, at competitive prices to foreign businessmen who already established or getting ready to establish a company in Turkey.
After registering a new company in Turkey, you will need to hire an accountant & CPA to manage the financial issues and offer solutions to lower the costs for your business. A good accountant will help you save money and make your company more efficient in terms of costs. If your company is managed well from all points of view, the profit will increase in a short time.
VAT in Turkey
Akkas CPA provides a wide range of services designed to provide effective tax compliance and advice, aiming to give your business a competitive advantage both in the local and international contexts. At Akkas CPA, we provide tax certification, audit, and consultancy services on a local and global scale.
Using our in-depth experience and knowledge, we are providing competitive analyses and alternative solutions to our clients while offering them services in terms of compliance with financial legislation.
What is the VAT in Turkey?
In Turkey, the VAT rate is established by Turkish VAT law. The VAT rate is calculated between 1% and 20%. It generally applies a 20% rate in Turkey. A reduced VAT rate of 8% applies to food or pharmaceutical products, while an, even more, reduced rate for VAT in Turkey of 1% is levied on newspapers, journals, and some farm products. Some supplies are exempt from VAT in Turkey.
How can I get VAT in Turkey Refunded?
VAT can be recovered in Turkey if a company representative submits an application form for a refund. The claim has to be submitted to the Turkish tax authorities. It is usually required to provide original invoices and a copy of a recent tax certificate, but it may be necessary to have other documents too.
The procedure for VAT refund in Turkey is usually completed in three to nine months. However, there are certain situations when a VAT refund can be received only after 12 months.
How can I Register for VAT in Turkey?
Turkish companies that perform activities that are subject to VAT in Turkey must register for VAT with the Turkish tax authorities. Registration for VAT in Turkey must be preceded by a notification.
This notification has to be submitted to the local tax office in the area where the company’s office is registered. If there is more than one office, registration for VAT should be made at the same tax office where the company registered for corporate income tax.
The procedure for VAT registration in Turkey continues by providing a detailed form filled out by the founders and some documents relevant to the company.
These documents should include articles of association, company charter, and power of attorney for the company’s representative, as well as information about the number of shareholders, names and addresses of directors, and the management board. The procedure is completed when a VAT number is issued for the company in Turkey.
How does intra-community VAT work in Turkey?
Turkey is not a member state of the European Union; therefore, a special VAT regime is not available for what should be called intra-community acquisitions.
Reach us for Turkish VAT Details
Akkas CPA & Turkish Accounting Firm is one of the globally recognized Turkish Accounting Firms with a long record of excellence and professional leadership in Istanbul, Turkey.
Thanks to its nationally recognized accounting services, our accounting firm is now one of the leading accounting firms in Istanbul, Turkey. You may reach our accountants for VAT in Turkey by sending an email to us.