Turkey's VAT exemption ends on December 31, 2023, raising concerns for exporters about financing and competitiveness in the market.
The VAT exemption under Turkey's Domestic Processing Regime (DİR) is set to end on December 31, 2023. This change has raised significant concerns regarding financing and competitiveness within the export sector.
As exporters prepare for this transition, many are worried about the potential impact on their operations and market positioning. The removal of this critical incentive after 27 years could pose challenges for domestic production.
Source: www.denizhaber.com