Companies participating in TANAP construction in Turkey exempt from VAT

All the companies which will participate in the construction and supply of the Trans-Anatolian gas pipeline (TANAP) in Turkey are exempt from VAT, Anadolu agency reported on Oct.21.
The decision made by Turkey’s Cabinet of Ministers on Oct.21, will enter force from January 2014, according to the agency.
The TANAP project envisages gas transportation from the Shah Deniz field to Europe via Turkey. The initial capacity is expected to reach 16 billion cubic meters per year.
Around six billion cubic meters will be delivered to Turkey and the rest to Europe. In future the pipeline may be expanded up to 31 billion cubic meters a year.
The first gas will be delivered to Turkey in 2018 and to Europe in 2019.