Value-added tax deduction right on imports abolished
It has been decided to abolish the right to deduct value-added tax (VAT) calculated within the scope of surveillance and safeguard measures in imports. The Presidential Decree regarding the matter has been published in the Official Gazette and has entered into force.
The right to deduct VAT paid on amounts declared in customs declarations for goods subject to surveillance measures in imports that cannot be documented, as well as on all kinds of taxes, duties, fees, and shares arising from these amounts and included in the VAT base, has been abolished.
It has also been deemed appropriate to abolish the right to deduct VAT paid on customs duties or additional financial liabilities applied as safeguard measures in imports, anti-dumping duties and countervailing duties applied to prevent unfair competition in imports, as well as on all kinds of taxes, duties, fees, and shares arising from these amounts and included in the VAT base.
News Source: 12punto
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