The minimum amount applied in VAT refund requests has been increased to 10 thousand lira from 2 thousand lira. The regulation will be implemented starting from April. Taxpayers can request VAT refunds for transactions that give rise to refund rights, with a minimum amount of 10 thousand lira. The Presidential Decree on the matter was published in the Official Gazette and entered into force. According to the Decree, the minimum amount for VAT refund requests related to transactions that give rise to refund rights has been increased from 2 thousand lira to 10 thousand lira. The regulation will be applied to transactions made starting from April. 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 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 lighten the burden of VAT.