- Companies in Turkey are required to maintain and certify their commercial ledgers digitally under Tax Procedure Law No. 213 and the Turkish Commercial Code. Non-compliance can result in severe penalties, including fines, denied VAT deductions, blocked refunds, loss of evidential value in court, and potential imprisonment. Digital certificates are necessary for both opening and closing ledgers, and missing deadlines can lead to significant consequences. In cases of non-compliance, companies have options to reconcile, request penalty reductions, or file lawsuits. It is crucial for companies to prioritize e-Ledger management, coordinate IT and accounting teams, and prepare for potential risks.
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.
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