The exporter charges no VAT on the sale but deducts the input VAT incurred on the export; any amount that cannot be deducted is refundable. A refund requires complete customs declarations, invoices and collection records.
Source: 3065 sayılı KDV Kanunu m. 11-12
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VAT refundRefunding to the taxpayer, in cash or by offset, VAT that cannot be recovered through deduction because of exempt transactions or reduced rates.Value added tax (VAT)An indirect tax levied on the value added at each stage of the supply of goods and services and passed on to the final consumer.Sworn financial adviser (YMM)A professional authorised to certify taxpayers' tax returns and certain transactions for compliance with legislation.Advance taxTax paid in advance during the year by income and corporate taxpayers, in quarterly periods, on current-period earnings.Advance tax rulingA written explanation issued by the tax administration upon a taxpayer's written request about its own tax position or matters it considers unclear.Arm's length principleThe principle that transactions between related persons should be carried out at the prices and on the terms that would apply between independent parties with no such relationship.
Last updated: October 31, 2026 · This definition is for general information only.