What is the VAT rate to be applied to plot and land purchases?

What is the VAT rate that a taxpayer dealing with land purchase and sale will apply to the sale of the land in its assets?

The VAT rate to be applied to the deliveries of land and plots is 10%. The relevant regulation is stated in Article 36 of List II in the Decision on VAT rates

CURRENT VAT RATES

DECISION ON THE DETERMINATION OF VALUE ADDED TAX RATES TO BE APPLIED TO GOODS AND SERVICES

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(II) NUMBERED LIST

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36- (Sequence added by Article 9 of the Presidential Decree No. 5359 dated 29/03/2022; Entry into force: 01/04/2022) Deliveries of land and plots

Source: Istanbul Chamber of Certified Public Accountants
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