The entire VAT paid to the business on the purchase of a motorcycle is deducted from the VAT calculated in the VAT return.
The SCT can be written off as an expense or optionally added to the cost of the motorcycle and written off as an expense through depreciation.
A 20% VAT is calculated on the second-hand sale of the motorcycle.
If there is a profit during the sale, it can be transferred to the renewal fund.
Source: Istanbul Chamber of Certified Public Accountants
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