Some of the Rights Provided by a Full Attestation Agreement Concluded in Due Time
Some of the advantages provided to taxpayers with a full attestation agreement made in due time are given in the table below.
No. | Rights Granted to Taxpayers by a Full Attestation Agreement Concluded in Due Time | Legal Basis |
|---|---|---|
1 | Option to receive VAT refunds above TL 2,600,000 arising from transactions subject to the reduced rate in cash with a CPA (YMM) report | General Communiqué No. 46 on the Law on Certified Public Accountants and Sworn-in Certified Public Accountants |
2 | Option to receive other VAT refunds above TL 1,300,000 with a CPA (YMM) report | |
3 | Option to receive cash refunds of up to TL 350,000 for sales made with special invoices, provided a full attestation agreement exists | |
4 | For goods exported by manufacturers, the monthly cash refund limit for taxpayers with a full attestation agreement made in due time is TL 100,000 instead of TL 10,000 | Amendment to the VAT General Implementation Communiqué by Communiqué No. 41 |
5 | For taxpayers with a full attestation agreement made in due time, an upper limit of TL 1,518,000 applies from 1.1.2023, including pending cash refund requests for income/corporate tax paid via withholding (For cash refund requests arising from income and corporate taxes paid via withholding and not yet finalised as of 1.1.2023, the cash refund limit that can be claimed by petition without full attestation is TL 151,000. For cash refunds between TL 151,001 and TL 1,518,000, a full attestation agreement made in due time is required. Without a full attestation agreement, cash refund requests exceeding TL 151,000, and even with one, requests exceeding TL 1,518,000, are fulfilled based on the result of a tax inspection.) | Income Tax General Communiqué No. 252 |
6 | A full attestation agreement made in due time is required to benefit from the Reduced Collateral Application (İTUS) for VAT refunds (together with other conditions) | VAT General Implementation Communiqué |
7 | Taxpayers with a full attestation agreement made in due time may benefit from 60% collateral under the Increased Collateral Application (ATU) (together with other conditions) |
VAT Refund Limits That Can Be Received in Cash with a CPA Report
The VAT refund amounts that can be received in cash with the Certified Public Accountant report without a Full Attestation agreement are given in the table below. For cash refunds exceeding these amounts, a Full Attestation Agreement made in due time is required.
Maximum VAT Refund Limits for Taxpayers Without a Full Attestation Agreement Made in Due Time, Based on a CPA (YMM) Attestation Report | ||
|---|---|---|
Type of Exemption | 2022 (TL) | 2023 (TL) |
VAT refunds related to deliveries and services subject to the reduced rate | 2,533,000 | 2,600,000 |
Other VAT refunds obtainable with a CPA (YMM) attestation report under the VAT General Implementation Communiqué | 1,266,000 | 1,300,000 |
VAT refunds related to sales to non-residents with special invoices and sales of goods carried by passengers (this limit also applies where a full attestation agreement made in due time exists) | 332,000 | 350,000 |
