KDV Charged in the Furniture Sector Can be Refunded

02.01.2020 30996 date VAT rates in the furniture sector (Repeated) date 02.01.2020 published in the Official Gazette, 1994, No. “of goods and services to be applied to the determination of the decision amending the decision of the VAT rates of the 3rd article from 18% to 8% was changed permanently. This amendment was made by adding it to the 33rd order of the section entitled “B) OTHER GOODS AND SERVICES” of the list II of the Council of Ministers Resolution 2007/13033 dated October 24, 2007 and numbered B) OTHER GOODS AND SERVICES.

Dec January 30, 2019, as a result of this amendment; The VAT rate applied for the delivery of some furniture between 9401.30 and 9404.29 GTIP numbers specified in the “Turkish Customs Tariff Chart Divided by Statistical Positions” annexed to the Presidential Decree No. 1951 dated October 30, 2019 has been reduced from 18% to 8% for application as of JANUARY 02, 2020.

According to the Provisions of the Reduced Rate VAT in accordance with Article 29/2 of the Value Added Tax Code No. 3065; VAT amounts exceeding the lower limit amount set annually by the Ministry (TL 17,300 for 2020), which are charged due to delivery and services with a reduced VAT rate and cannot be eliminated by discount, are refunded.

In the Furniture Sector, the VAT Rate is reduced to 8% and the VAT that is caused by sales and cannot be eliminated by discount is refunded. Those who want to receive a VAT Refund Monthly can only receive an OFFSET, while those who want to receive an Annual refund will be able to receive it in the form of CASH or an OFFSET.

result:

02.01.2020 30996 date VAT rates in the furniture sector (Repeated) date 02.01.2020 published in the Official Gazette, 1994, No. “of goods and services to be applied to the determination of the decision amending the decision of the VAT rates of the 3rd article from 18% to 8% was changed permanently.

According to the Provisions of the Reduced Rate VAT in accordance with Article 29/2 of the Value Added Tax Code No. 3065; VAT amounts exceeding the lower limit amount set annually by the Ministry (TL 17,300 for 2020), which are charged due to delivery and services with a reduced VAT rate and cannot be eliminated by discount, are refunded.

In the Furniture Sector, the VAT Rate is reduced to 8% and the VAT that is caused by sales and cannot be eliminated by discount is refunded. Those who want to receive a VAT Refund Monthly can only receive an OFFSET, while those who want to receive an Annual refund will be able to receive it in the form of CASH or an OFFSET.

THE DECISION OF THE PRESIDENT

Number of Decisions: 1994

The decision to amend the attached “Decision on the Determination of Value Added Tax Rates to be Applied to Goods and Services” has been decided in accordance with Article 28 of the Value Added Tax Law No. 3065.

January 2, 2020

Recep Tayyip ERDOĞAN

President

DECISION TO AMEND THE DECISION ON THE DETERMINATION OF VALUE ADDED TAX RATES TO BE APPLIED TO GOODS AND SERVICES

Article 1 – the decision of the Council of Ministers dated 24/12/2007 2007/13033 imposed by the VAT rates applied to the determination of goods and services to be attached to the decision regarding (I) to the end of the 3rd row of the list of “chicken eggs” the phrase was added.

ARTICLE 2- The 6th order of the list numbered October (I) of the same Decision has been amended as follows.

“6 – in accordance with the relevant legislation; activities made them in fresh vegetables and fruit wholesale markets (products), excluding delivery, with the delivery of Fish and seafood wholesale markets wholesale markets in activities in the actual procedure by them made them the goods subject to Value Added Tax Payer delivery”

ARTICLE 3- The following order has been added to the section entitled “B) OTHER GOODS AND SERVICES” of the list numbered II October the same Decision.

“October 33- 30/12/2019 and 1951 of the President’s Decree Annex to the Turkish Customs Tariff Schedule Divided into Statistical Positions;

goods included in the customs tariff statistical position numbers,”

ARTICLE 4- This Decision enters into force on the date of its publication,

ARTICLE 5- The provisions of this Decision are executed by the Ministry of Treasury and Finance.

Ahmet GÜNDÜZ – YMM