Increase in Value Added Tax

The Presidential decree published in the Official Gazette has increased the Value Added Tax (VAT) applied to goods and services The Presidential decree regarding the increase in Value Added Tax (VAT) has been published in the Official Gazette. According to the Presidential decree published in the Official Gazette; the 18 percent Value Added Tax (VAT) applied to goods and services has been increased to 20 percent. The 8 percent VAT applied to some goods and services has been increased to 10 percent.