What is the VAT rate for the sale of an asset?
We will sell a commercial vehicle which is registered as a company asset. What is the VAT rate for the sale of a second-hand vehicle?
If the vehicle is a passenger car, 1% VAT is applied.
If it is a commercial vehicle, 1% VAT is applied until 30.06.2019. If the period is not extended after 30.06.2019, 18% VAT is applied.
Source: İSMMMO
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