The minimum amount applied in VAT refund requests has been increased to 10,000 Turkish Liras from 2,000 Turkish Liras. This regulation will be implemented starting from April. The Presidential Decree regarding the minimum amount for taxpayers to request VAT refunds related to transactions that give rise to refund rights has been raised to 10,000 Turkish Liras. The Presidential Decree has been published in the Official Gazette and has become effective. According to the Decree, the minimum amount for taxpayers to request VAT refunds related to transactions that give rise to refund rights has been increased from 2,000 Turkish Liras to 10,000 Turkish Liras. This regulation will apply to transactions made from April onwards. WHAT IS VAT REFUND? Value Added Tax, VAT, is a type of tax that businesses in Turkey pay for the goods and services they purchase. VAT is calculated based on the value of the goods or services. Businesses pay this tax based on the price of the goods or services they purchase and pass this cost on to the consumer. VAT refund is a process that allows businesses to reclaim the VAT they have paid under certain conditions. This process provides businesses with the opportunity to ease the burden of the VAT.