Onyx Blog

Main page > Blog
VAT EXEMPTION

Real estate sales made as a first delivery to foreign nationals and institutions not resident in Turkiye, are exempt from VAT according to subparagraph (i) of Article 13 of the VAT Law. The principle of reciprocity, which is required for foreign persons to acquire real estate or limited real rights in Turkiye, was abolished with an amendment made in the Land Registry Law in 2012, thus facilitating the acquisition of real estate by foreigners in Turkiye. Parallel to the above-mentioned reg...

By: Özge Saraç Read More