It is possible to evaluate minibus vehicles that are purchased by a tour company for use in commercial activities as commercial vehicles and to deduct their VAT from the relevant month’s VAT return.
In addition, it is possible to optionally write off the special consumption tax paid during the purchase of the vehicle as an expense directly in the month it is collected or to write off the expense or cost during the useful life of the vehicle by adding it to the cost of the vehicle through depreciation.
The VAT rate to be applied to the second-hand sales of commercial vehicles registered as assets after they have been used for a while is 20%.
Source: Istanbul Chamber of Certified Public Accountants
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