highways – Muhasebe News https://www.muhasebenews.com Muhasebe News Fri, 28 Feb 2020 08:29:11 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 Turkey earns some $32 mln in public bridge, highway tolls in January https://www.muhasebenews.com/en/turkey-earns-some-32-mln-in-public-bridge-highway-tolls-in-january/ https://www.muhasebenews.com/en/turkey-earns-some-32-mln-in-public-bridge-highway-tolls-in-january/#respond Fri, 28 Feb 2020 08:35:10 +0000 https://www.muhasebenews.com/?p=78624 Turkey earns some $32 mln in public bridge, highway tolls in January

According to the news of Hürriyet Daily News, Turkey earned over 189.5 million liras (some $32 million) in tolls in January.

The July 15 Martyrs’ Bridge and the Fatih Sultan Mehmet Bridge in Istanbul, connecting Europe and Asia over the Bosphorus, yielded over 39 million Turkish liras ($6.6 million) last month, according to the General Directorate of Highways.

The highway tolls throughout Turkey earned 150 million Turkish liras ($25.4 million) in January, the data showed.

The figures indicate that more than 35 million vehicles went through the toll booths during the same period.

Drivers in Turkey pay 10.50 Turkish liras ($1.8) for bridge tolls, with higher fees for vehicles with more than two axles.

Last year, nearly 343 million vehicles used bridges and roads in Turkey, paying a total of 1.4 billion liras (some $255 million).

Turkey’s mega-structures including the newly built Yavuz Sultan Selim Bridge spanning over the Bosphorus, the Avrasya (Eurasia) Tunnel under the Marmara Sea and the Osmangazi Bridge connecting the two sides of the İzmit Bay are being operated by private contractors.


Source: Hürriyet Daily News / link: https://www.hurriyetdailynews.com/turkey-earns-some-32-mln-in-public-bridge-highway-tolls-in-january-152458
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Is VAT applied in HGS and OGS systems used for toll bridges and highways in Turkey? https://www.muhasebenews.com/en/is-vat-applied-in-hgs-and-ogs-systems-used-for-toll-bridges-and-highways-in-turkey/ https://www.muhasebenews.com/en/is-vat-applied-in-hgs-and-ogs-systems-used-for-toll-bridges-and-highways-in-turkey/#respond Wed, 27 Mar 2019 15:00:25 +0000 https://www.muhasebenews.com/?p=52769 Is VAT applied on the payments of HGS and OGS systems used for toll bridges and highways in Turkey?

Yes. VAT is applied on these payments. VAT is calculated on the bank invoice.
The calculated VAT is subject to discount.

HGS: Fast Transit System
OGS: Automatic Transit System

 

 

 

 


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 MuhasebeNews 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.


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