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Will we calculate VAT in an invoice issued for a commercial film shot in Turkey and to be sold abroad?  Can we issue an invoice in foreign currency?

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We shoot a commercial film in a production company. We will shoot it in Turkey. However, it will be invoiced abroad, and the film will be televised there.

In this case, while the invoice is issued;

1- Will it be subjected to VAT? Will we show 18% VAT in an invoice?

2- Will the invoice be issued as foreign currency? Will we write the amount of TRY or amount of exchange and currency in the remarks part by issuing an invoice of TRY?

1- The sale is in the scope of service export. The VAT is not calculated.

2- You will issue the invoice in foreign currency. It is not necessary to write currency in an invoice. Accounting record is kept as TRY.


Source: İSMMMO
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