Number: 32
Date: 03/03/2020

Title:

VAT withholding rate increased on bullion metal, copper, zinc, aluminium, lead deliveries and scrap/waste deliveries.

Through the VAT General Communique series no.31 published in the Official Gazette dated 3 March 2020, the withholding rate on bullion metal, copper, zinc, aluminium, lead deliveries and scrap/waste deliveries applied as (5/10) has been increased to (7/10), effective from 1 April 2020. 

Accordingly, VAT withholding will be made at the rate of (7/10) by the "Designated buyers" and "VAT taxpayers" as of 1 April 2020.

Our explanations provided above include general information on the issue. No responsibility can be claimed against EY and/or Kuzey YMM ve Bağımsız Denetim A.Ş. due to the implications arising from the context of this document or emerging with respect to its context.
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