The Minister says that if a foreign person or entity (company etc.) purchases a property from Turkish contraction companies VAT exemption will be applied hence foreigners will not be required to pay VAT. The Minister further stated that the VAT exemption will be applicable to Turkish citizens who are resident in foreign countries as well.

With the change of relevant legislation, the Minister expects the exemption to provide growth in construction sector and economy.

If you are going to purchase a property in Turkey, please contact our team to find out how you could benefit from VAT exemption.

The post VAT Exemption for Foreigners who are purchasing property in Turkey appeared first on The Turkish Law Firm in the UK.