Differences in Rounding Numbers in the KDV Tax Calculation
In the calculations, the first two places are used that follows the comma in the decimal
numbers, and the reason for this is that the third in decimal numbers do not have a class or unit
parallel to the Turkish currency, and rounding the third number that follows the comma as
follows:
If the number mentioned is bigger than 5 it will be risen to the top such as 5,586
becomes 5, 59.
If the number mentioned is smaller than 5, it will be dragged down as 5,583 becomes 5,
58.
If the number 5 is close to the nearest number such as 5,585 becomes 5,58 because 8 is
an even number. In this rule, zero is calculated as an even number. Rounding processes
do not exceed the impact of calculations on one penny, which is a must to know the
accounting.
KDV Tax Rate According to the Products
As mentioned above, there are three percentages of KDV tax imposed on products, namely %1,
%8 and %18, which are divided by the following products:
Products with %1 Deduction
Imposed on wheat and their derivatives that are considered basic consumables materials, as
well as residential units that do not exceed an area of 150 square meters.
Products with %8 Deduction