Turkey

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Fiscal Law timeline

The introduction of the Fiscal Law in 2016 added further complexity to the tax system in Turkey, and individuals and businesses must take extra care to ensure they are in compliance with all relevant regulations. Despite the challenges, it is important to follow these requirements closely in order to avoid any legal or financial repercussions. Furthermore, the introduction of software fiscalization in 2020 adds a new layer to the fiscalization system.

Turkey

Turkey has operated as a fiscal country since 1985 and has a long history of placing a strong emphasis on taxes as a source of government revenue. One of the key ways in which the country regulates its tax system is through the mandatory use of payment recording devices. Turkey was one of the pioneers in this regard, and the obligation to use these devices was introduced as early as July 1st, 1985. This requirement was a significant step in the regulation of the tax system in Turkey and helped to ensure that individuals and businesses were paying the correct amount of taxes. The use of payment recording devices remains an important aspect of the fiscal system in Turkey and is essential for ensuring compliance with tax regulations.

Type of fiscalization: Hardware(Software)

As of January 1, 2018, a new generation of cash registers became mandatory for all individuals and businesses in Turkey. This change was introduced as part of the country's ongoing efforts to regulate its fiscalization system and ensure compliance with tax regulations. The new generation of cash registers replaces the old fiscal devices (ÖKC) that were previously in use. Furthermore, beginning in 2020, taxpayers will be able to opt out of using the new generation cash register and instead use the e-Document to fulfill their fiscalization requirements.