What is the VAT rate that a taxpayer dealing with land purchase and sale will apply to the sale of the land in its assets?
The VAT rate to be applied to the deliveries of land and plots is 10%. The relevant regulation is stated in Article 36 of List II in the Decision on VAT rates
CURRENT VAT RATES
DECISION ON THE DETERMINATION OF VALUE ADDED TAX RATES TO BE APPLIED TO GOODS AND SERVICES
(*)
|
Offical Gazette Date |
Offical Gazette Number |
Decison Date |
Decison Number |
|
30 Dec 2007 |
26742 |
24/12/2007 |
2007/13033 |
…
(II) NUMBERED LIST
…
36- (Sequence added by Article 9 of the Presidential Decree No. 5359 dated 29/03/2022; Entry into force: 01/04/2022) Deliveries of land and plots
Source: Istanbul Chamber of Certified Public Accountants
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