Understanding VAT in Istanbul: Rates, Exemptions, and Products Included

In Turkey, the standard VAT rate is 18% and applies to most goods and services. However, some goods and services are subject to reduced VAT rates. For example:

1% VAT: applies to certain essential goods, such as bread, books, and newspapers.

8% VAT: applies to some food products, agricultural products, and certain other goods and services.

18% VAT: applies to most goods and services not subject to the reduced rates mentioned above.

It’s important to note that the VAT rates and exemptions are subject to change, so it’s advisable to consult with a tax professional or the relevant government authorities for the latest information. If you are interested in learning more about VAT in Turkey or need assistance with tax matters, our law department at Estates Istanbul can provide expert guidance and support.