Taxes
Turkey — Tax: Vat
Turkey applies VAT at 1%, 10% and 20%, with 20% the general rate.
Key facts
- The generally applied VAT rates are 1%, 10% and 20%.
- An older Revenue Administration (GIB) document shows a 1%, 8% and 18% structure that has since changed.
- Invest in Turkiye reports a lower VAT rate for basic food products.
Steps
- Registering for VAT in Turkey — In Turkey, businesses with a taxable turnover exceeding a certain threshold (currently 'varies, typically around TRY 150,000') are required to register for a TTK (Tempo Takip Kodu, or Tax Tracking Code) which is essentially the tax identification number. This registration is often handled by local authorities.