New 18% VAT on Selected Financial Services

In line with Ministerial Order No. 001/25/10/TC of 16/04/2025, which specifies financial and insurance services exempted from Value Added Tax (VAT), please note that an 18% VAT will now apply to certain banking services.

 

AFFECTED SERVICES
ACCOUNT MAINTENANCE FEES
ATM BALANCE INQUIRY FESS - VISA
ATM INTERNATIONAL ACQUIRING FEES
ATM MINI STATEMENT FEES - VISA
ATM VISA CASH WITHDRAWAL CHARGES
BANKERS’ CHEQUE REQUEST
PAYMENT ORDER REQUEST
STANDING ORDER INITIATION
OTHER CHEQUE-RELATED COMMISSION
STANDING ORDER AMENDMENT
CHEQUE BOOK REQUEST
BRANCH CASH WITHDRAWAL

 

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