Period of temporary rate reductions on VAT, SCT and title deed fees extended until 31 March 2019.

Through the Presidential Decision no.535 published in the fourth repetitive Official Gazette dated 31 December 2018;

Implementation period of Council of Ministers decisions and the Presidential Decision reducing the rates indicated below temporarily has been extended until 31 March 2019. These provisions within the Decision have been enacted as of publication date (31 December 2018).

• VAT on housing and workplace deliveries subject to 18 % VAT to 8%
• The rate of title deed fee in housing and workplace deliveries to 15 per thousand
• VAT rate on furniture to 8 %
• SCT on white goods and certain electrical home appliances to 0%
• VAT rate on commercial vehicles to 1%
• SCT on certain passenger cars between 1 to 15 points.