VAT Rates For Some Goods And Services Delivery Updated

With the Presidential Decision numbered 5359 published in the Official Gazette dated March 29, 2022 and numbered 31793, some amendments have been made on VAT rates in the lists I and II, effective as of April 1, 2022.

The amendments can be listed below:

• The VAT rate has been determined as 8% in the part of the net area of the houses up to 150 m2. The VAT rate is 18% for the part of the net area exceeding 150 m2.
• VAT rate would be applied as 1% for the net area up to 150 m2 of the lands projected for housing (including the parts reserved for social facilities) by municipalities, special provincial administrations, the Housing Development Administration and the businesses in which they have 51% or more of the shares or the right to vote in the management. VAT rate of 18% would be applied for the excessive part.