Tax Circular - en.vergidegundem.com

Number: 10	Date: 01/02/2021
Title: Within the context of transformation projects for risky buildings, VAT rate on construction work regarding the houses built by the owners reduced to 1%.
Within the scope of the Law no.6306, as part of the transformation projects in places where risky buildings are located, the VAT rate on construction work regarding the houses built by the owners in the new construction area up to 1.5 times the existing construction area has been reduced to 1%, through the Presidential Decision no.3470 published in the Official Gazette dated 30 January 2021 The aforementioned Decision has been enacted as of its publication date (30 Jan 2021).
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.

Within the context of transformation projects for risky buildings, VAT rate on construction work regarding the houses built by the owners reduced to 1%.