A private teaching institution (course) sells books which are bought from a wholesaler, to students for a certain price. The institution gets the books from a wholesaler with zero VAT. In this case, will be there any exemption for VAT for the invoices issued to students?
The VAT is not collected wherever the books are sold. VAT is not charged for the books sold in the education institutions.
Source: İSMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
