VAT Discount in 22 Areas Until the End of the Year
Coronavirus, which has infected more than 17.5 million people worldwide and caused more than 679 thousand deaths, is still fully…
Coronavirus, which has infected more than 17.5 million people worldwide and caused more than 679 thousand deaths, is still fully…
It has infected more than 17.5 million people worldwide and caused the death of more than 679 thousand people. coronavirus, still has not been completely stopped. The failure to stop the epidemic negatively affected daily life and dealt a major blow to economic activities.
In our country, with a decision taken before the holiday, tax cuts were made to stimulate economic activities. tax deductions; It covers many areas such as workplace rent withholding, passenger transportation, wedding organization, food and beverage services.
VAT is temporarily reduced until the end of the year
Value Added Tax, is being temporarily downloaded in a total of 22 areas until the end of the year. It is also expected that this decision will have a positive impact on inflation. Tradesmen need to reflect the discounts on their prices, thus aiming for sectoral revival.
Another discount that is thought to make a significant contribution to tradesmen is in withholding is being implemented. According to the news in HaberTürk, the 20% income tax withholding rate applied to real estate rentals will be applied as 10% until the end of the year.
18% applied to maintenance - repair, repair and labor fees VATis being reduced to 8% by the end of the year. While labor in motor vehicles, motorcycles and bicycles was reduced to 8%, VAT was also reduced in labor services such as washing, lubrication and seat upholstery in automobiles. There was no change in the VAT rate of the materials offered in these services. In addition, the 8% VAT on cultural activities such as accommodation services, food and beverage services, cinema, theatre, ballet, opera and museums was reduced to 1% by the end of the year.
22 areas where discounts are available
- Workplace rental service
- Congress, conference, seminar, concert, fair and amusement park entrance fees
- Organization services provided in weddings, marriage ceremonies, ballrooms and cocktail halls
- Barbering and hairdressing services and beauty salon services
- Repair and repair of tailoring, clothing and home textile products
- Repair of shoes and leather goods and shoe shining services
- Dry cleaning, laundry, clothing and other textile ironing services
- Carpet and rug washing services
- Maintenance and repair of bicycles, motorcycles and mopeds
- Maintenance and repair of electrical devices used at home
- Maintenance and repair of consumer electronic products
- Maintenance and repair of home heating products
- Maintenance and repair of home and garden equipment
- Maintenance and repair of furniture and home furnishings
- Maintenance and repair of computers, communication tools and equipment, watches
- Maintenance and repair of musical instruments
- Locksmith and key duplication services and porter services
- Lubrication, washing and polishing services of motor vehicles and maintenance and repair of their seats and upholstery
- Housing maintenance, repair, painting and cleaning services provided to household residents
- Food and beverage services subject to general rate
- Passenger transportation services
- Delivery of ornamental plants and flowers subject to the general rate
Every business is unique. Let’s explore how we can tailor these ideas to your own digital project.
