VAT Refunds
Similar to EU VAT Directives, the Turkish VAT legislation utalizes a system of tax credit. In practise, there are substantial deviations from the VAT credit system, because of the existence of various VAT rates, exemptions for certain goods and services and necessary provisions concerning importation and exportation. Some of these require either VAT refund in cash or VAT credit to be deductible from other fiscal obligations.
According to the Law No: 3568 and the Law No: 3065, VAT Refund certification by Sworn Fiscal Advisors is mandatory to have VAT refund in cash.
