VAT is a value-added tax implemented since 1968. Businesses pay VAT only on the difference between purchase and sale prices. VAT is synonymous with sales tax (USt.) for entrepreneurs
Foreign companies pay VAT regardless of their presence in Turkey. VAT applies to all transactions conducted in Turkey. Exemptions from other tax laws are not applicable
VAT applies to businesses with annual turnover above £85,000. VAT codes identify tax rates for goods and services. VAT rates can change over time and vary by industry