Digital Transformation in e-Invoice Application

For companies operating in Turkey in 2019, in terms of tax arrangements and electronic invoices it has been an active year.

The scope of the e-invoice application has increased gradually since 2012, when it was first introduced, and now companies have to comply with the legal regulations introduced for 2020 and beyond.

According to the General Communiqué published on the Tax Procedure Law, more taxpayers will now switch to mandatory e-invoice implementation.

General Communiqué published on October 19, 2019; Other electronic documents such as e-archive, e-dispatch, e-self-employment receipt, e-producer receipt, e-ticket, e-expense compass, e-insurance commission expense document, e-insurance policy, e-currency purchase and sale document also includes.

As of July 1, 2020, taxpayers with a gross sales revenue of 5 million TL or more in 2018 or 2019 accounting periods will make a mandatory transition to the e-invoice application.

Taxpayers who meet these conditions in 2020 and the following accounting periods will also switch to the e-invoice system from the beginning of the seventh month of the next fiscal year.

e-Invoice Application

Mandatory e-Invoice Application Is Not Just Connected to Turnover Threshold.

According to this; Turkey Energy Market license payers from the Regulatory Authority, broker or engaged in contacts with the fruit and vegetable trade as merchants, internet service providers, purchase and sale of services, renting or mediates the distribution process taxpayers will also switch to e-invoice applications regardless of the turnover .

Our country continues to combat the VAT gap by having more control in tax reporting and requesting more detailed tax details.

Businesses operating in Turkey, they need to have a strong e-invoicing strategy to support the increasing demand for digital  tax changing.

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