VAT deduction applies only to transactions that qualify for deduction. Right to deduct arises when VAT becomes chargeable. Proportional deduction applies when direct attribution is impossible
Turkey's complex tax system poses challenges for foreign investors. VAT refund procedures can be overwhelming for international trade transactions
VAT (KDV) is mandatory for all Turkish citizens when buying products. Turkish constitution allows tax-free shopping in Istanbul. Tax refunds available at international airports' Customs Offices
UK businesses must register if turnover exceeds GBP 85,000. Non-UK businesses must register immediately upon taxable supply. Registration takes around 30 days, can extend to 2-3 months
VAT number is unique ID given by HMRC to businesses. UK VAT numbers start with 'GB' and have nine digits. EU VAT numbers use different format with country codes