- Turkey has implemented electronic tax regulations to increase transparency and reduce VAT fraud.
- Digital reporting requirements include E-Invoicing, E-Archive Invoicing, E-Ledger, and E-Delivery.
- E-Invoicing became mandatory for specific industries in 2011.
- E-Ledger obligation was added in 2012 for large companies, with the threshold later reduced to 5 million TRY by 2020.
- These measures aim to close the VAT gap and prevent tax evasion.
- E-Invoicing requires invoices in a specific XML format sent to the Turkish Revenue Administration for approval.
- E-Archive Invoicing is used when customers cannot receive E-Invoices and does not need GIB approval.
- E-Ledger involves submitting digital copies of accounting ledgers to GIB.
- E-Delivery Note acts as an electronic waybill and must be issued before transporting goods.
- These requirements increase oversight on VAT transactions, prevent fraud, and simplify document exchange.
- Businesses using SAP must configure systems to comply with these rules.
Source: fiscal-requirements.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
