Communiqué No. 48, published in Official Gazette No. 32415 (2nd repeating) of 30 December 2023, set the 2024 threshold for VAT incurred on reduced-rate transactions that cannot be refunded.
Under the “Communiqué Amending the VAT General Implementation Communiqué (No: 48)”, published in Official Gazette No. 32415 (2nd repeating) of 30 December 2023, the threshold for the portion of VAT incurred on reduced-rate transactions and not relieved through deduction that cannot be claimed as a refund has been set at TRY 90,800 for 2024.