VAT Rate Applicable to Education Services Provided in Private Schools and Universities is Reduced to 1%
Through the promulgation of the President Decision No. 2913 (“Decision”), published in the Official Gazette dated 30th August 2020 and No. 31229, the Value Added Tax (“VAT”) rates applicable to education services provided in private schools and universities are reduced from 8% to 1%.
The Decree enters into force on the date of its publication.
You may find the full text of the Decree here.
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