Real Estate in Turkey KDV Tax in Turkey

KDV Tax in Turkey The KDV Tax: is a tax imposed at different rates of expenditure, in accordance with the Value- Added Tax Or KDV Law No. 3065 of 1984, although the companies are the ones that pay this tax in accordance with the sales profits they achieve, but this tax is deducted from the final goods’ consumers this Means that this tax is ultimately deducted from the individual who consumes the goods. This tax is applied in almost all countries of the world and is imposed in Turkey according to the necessity of the goods consumed by %3, %8 and %18. Computation of the KDV Tax The KDV tax is calculated by deducting the tax rates from the selling price of the product. Therefore, the tax is increased according to the high prices of the products’ sales from the producer until it reaches the consumer. Listed and calculated KDV Tax The simplest way to calculate the KDV tax is to multiply (the price of the product x 1 + the tax rate) For example, assuming a product price of 1000 lira and the tax rate is %18, the calculation is as follows: 1000x (1 + 0.18) = 1000x 1.18 = 1180 lira the price of the Product after listing the tax (after deduction of tax). For calculating KDV Tax not listed, it is enough to replace the multiplication process with division by dividing the price of the product by (1 + tax rate) e.g. by imposing the price of the product after deducting the tax of 1180 lira and the tax rate is %18, the calculation is as follows: 1180 / (1 + 0.18) = 1180 / 1.18 = 1000 lira the Product price before listing the tax (before deduction of tax).